October Euribor points to 3.22%: how much your payment will rise if your mortgage resets in November

October started with the index at 3.32%, dropped to 3.177% on the 6th and has rebounded to 3.233%. That daily swing barely moves the average, which with 13 of 22 sessions published sits at 3.217%.

What applies to you is not the day's headline, but the official monthly average set in your contract. For November resets that is October's figure, and unless the index averages above 3.29% in the nine remaining sessions, it will close a few hundredths below September.

With the most common loan —150,000 euros over 25 years at a 0.99% spread— moving from October 2025 Euribor (2.187%) to the current one (3.217%) takes the rate from 3.18% to 4.21% and the payment from around 725 to around 809 euros. That is 84 euros more per month.

The difference between annual and semi-annual resets is not small: those on semi-annual reviews already absorbed part of the rise in May and now add about 34 euros. Those reviewed once a year take the full 1.03-point hit.

First, check your deed: the reference month and review frequency change the outcome. If you reset in December, the reference will be November's average, still unwritten and dependent on the ECB's October 29 decision.

If you hold a fixed rate below 3%, do not touch anything: a 3.2% Euribor works in your favour. If the variable squeezes you, a partial prepayment reducing the instalment lowers the monthly bill, and novation or subrogation only pays off if the bank genuinely improves the spread.