Bank of Spain publishes reference rates for calculating compensation in early mortgage cancellations (July 2026)
07 Jul 2026Effective: 07 Jul 202653 views
Who is affected:
Holders of fixed-rate mortgages or loans who wish to cancel them early
Summary
The Bank of Spain publishes the IRS indices for June 2026 to calculate the cost of early cancellation of a mortgage or loan. These rates determine the interest rate risk compensation that the bank may charge.
Detailed analysis
PRO
The Bank of Spain publishes monthly IRS (Interest Rate Swap) rates that serve as a reference for calculating the market value in interest rate risk compensation for mortgage loans, in accordance with Circular 5/2012. For June 2026, the rates range from 2.798% at two years to 3.224% at twenty years, with a slight decrea…
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Resolución de 1 de julio de 2026, del Banco de España, por la que se publican los índices y tipos de referencia aplicables para el cálculo del valor de mercado en la compensación por riesgo de tipo de interés de los préstamos hipotecarios, así como para el cálculo del diferencial que se ha de aplicar para la obtención del valor de mercado de los préstamos o créditos que se cancelan anticipadamente.
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