Euribor is short for ‘Euro Interbank Offered Rate’. The Euribor rates are based on the average interest rates at which a panel of more than 50 European banks borrow funds from one another. There are different maturities ranging from one week to one year. The rates provide the basis for the price and French Mortgage interest rates in the Euro zone. Most variable French Mortgages are pegged to the Euribor 3 months, however, in certain cases the French Mortgage provider can opt for the one-month or the one-year rate.

For more information, visit: euribor-rates.eu