Fixed-rate mortgage · Policy rate set by the European Central Bank
Interest-rate futures currently imply that the typical Fixed-rate mortgage in لوكسمبورغ rises from 3.55% today to 4.30% by 2027-09, about 75 basis points higher. This is not a forecast: it is the mortgage rate consistent with what markets are already pricing for European Central Bank policy.
البيانات بتاريخ 2026-10-20. Derived from interest-rate futures pricing for the policy rate, plus this market's long-run mortgage spread, pass-through factor and transmission lag. Market pricing changes daily and has been wrong before. Not financial advice.
Luxembourg has a mixed market, with fixed periods of five to fifteen years alongside variable loans. Very high property prices push loan sizes up, so small changes in the quoted rate translate into large absolute changes in monthly payments, and rate sensitivity of demand is correspondingly high.
The rate quoted above is the ECB's MFI new-business rate for loans for house purchase in لوكسمبورغ, so it reflects what borrowers are actually signing today rather than the stock of existing loans.
The euro area has one policy rate and one futures curve. This table applies the euro-area composite's implied 12-month change to this member's current new-business rate; it does not model a separate national pass-through.
| الشهر | Implied ECB Deposit Rate | المتوقع Fixed-rate mortgage | الفارق |
|---|---|---|---|
| 2026-10 | 2.50% | 3.59% | +1.09pp |
| 2026-11 | 2.50% | 3.63% | +1.13pp |
| 2026-12 | 2.73% | 3.71% | +0.98pp |
| 2027-01 | 2.73% | 3.77% | +1.04pp |
| 2027-02 | 2.81% | 3.83% | +1.02pp |
| 2027-03 | 2.98% | 3.92% | +0.93pp |
| 2027-04 | 2.98% | 3.99% | +1.00pp |
| 2027-05 | 3.06% | 4.06% | +1.00pp |
| 2027-06 | 3.14% | 4.13% | +1.00pp |
| 2027-07 | 3.19% | 4.20% | +1.01pp |
| 2027-08 | 3.19% | 4.25% | +1.06pp |
| 2027-09 | 3.21% | 4.30% | +1.09pp |
| الدولة | Typical Product | سعر الرهن العقاري | Spread vs ECB |
|---|---|---|---|
| سلوفاكيا | Fixed-period mortgage (3-5 yr) | 4.30% | +1.80pp |
| إستونيا | Euribor-linked variable | 4.20% | +1.70pp |
| لاتفيا | Euribor-linked variable | 4.00% | +1.50pp |
| اليونان | Fixed-period mortgage | 3.90% | +1.40pp |
| ليتوانيا | Euribor-linked variable | 3.90% | +1.40pp |
| هولندا | 10-30-Year fixed | 3.85% | +1.35pp |
| قبرص | Fixed-period mortgage | 3.85% | +1.35pp |
| إيطاليا | 20-30-Year mutuo a tasso fisso | 3.75% | +1.25pp |
| أيرلندا | 3-5-Year fixed | 3.75% | +1.25pp |
| بلجيكا | 20-Year fixed | 3.70% | +1.20pp |
| ألمانيا | 10-Year Festzinsbindung | 3.65% | +1.15pp |
| النمسا | 10-15-Year fixed | 3.60% | +1.10pp |
| سلوفينيا | Fixed-rate mortgage | 3.60% | +1.10pp |
| البرتغال | Mixed / fixed-period mortgage | 3.55% | +1.05pp |
| كرواتيا | Fixed-rate mortgage | 3.55% | +1.05pp |
| لوكسمبورغ | Fixed-rate mortgage | 3.55% | +1.05pp |
| فرنسا | 20-25-Year taux fixe | 3.45% | +0.95pp |
| إسبانيا | 15-30-Year hipoteca tipo fijo | 3.35% | +0.85pp |
| فنلندا | Euribor-linked variable | 3.35% | +0.85pp |
| مالطا | Variable-rate mortgage | 3.30% | +0.80pp |