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    Are Finnish mortgages tied to Euribor?

    Why interest rate news matters so much in Finland.

    Answered at: Checked at:

    Short answer

    Yes, nearly all. According to the Bank of Finland, 95% of housing loans in January 2026 used Euribor as the reference rate, and only 5% were fixed-rate or tied to banks' own rates. The most common reference rate is the 12-month Euribor, used by 68% of the loan stock. For new loans, shorter Euribors have gained ground: in January 2026, 59% of new housing loans used the 12-month Euribor, down from 73% a year earlier.

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    Why

    1. The Bank of Finland gives a 95% Euribor share for the housing loan stock.
    2. 68% of the stock was linked to the 12-month Euribor at the end of January 2026.
    3. 59% of new loans used the 12-month Euribor in January 2026.

    Details

    Because of this, changes in Euribor reach Finnish households quickly, usually at the next interest reset date of each loan.

    Tip

    Check your loan's reference rate and reset date in the loan agreement or online bank.

    What may differ

    The shares change month by month. The Bank of Finland publishes new figures regularly.

    Common misconception

    Most Finns have fixed-rate mortgages.

    What actually happens

    Only about 5% of the housing loan stock was fixed-rate or bank-rate linked in January 2026.

    People also ask

    • What is the average interest rate on new household loans in Finland?
    • What is the penalty interest rate in Finland?
    • What is the inflation rate in Finland?

    Sources

    This answer is for reference only. Banks set their own terms, so check the details with the bank before you act.

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