Data collected by the Central Bank of Luxembourg (BCL) show that homebuyers continue to face significant differences in mortgage rates.
In November, new homeowners had more reason to consider variable-rate loans, which have been more advantageous than fixed-rate loans since May 2025. The average variable rate negotiated in November stood at 3.07%, according to the BCL. Spread over 25 years, a €700,000 mortgage would result in monthly payments of around €3,345.
For fixed-rate loans, which are more predictable, the additional cost remains significant: loans negotiated in November for more than 10 years had an average fixed rate of 3.75%, slightly higher than in October (3.71%). For a similar 25-year mortgage, monthly payments rise to €3,599.
Regarding consumer loans, the BCL reported that contracts negotiated for a term of less than five years carried an average rate of 4.58%.
