IRPH
The Benchmark Index Mortgage Loan known as IRPH, a percentage that is used to update the financial institutions mortgage variable interest rate. The Bank of Spain publishes each month the different rates by half of the various bids entered the mortgage market by banks and savings banks.
The IRPH offers three different ways: Banks, savings banks and all the entities.
- IRPH banks: is the average three-year loans granted by these institutions.
- IRPH of savings is estimated as mortgage offers savings banks.
- IRPH the Joint Entities: half of the previous two.
This index is determined by the average interest rates of new mortgage loans, with more than three years, excluding the extreme values of the entities to which it refers.
It is published by the Bank of Spain, and previously was known as DGTPF (Directorate General of Treasury and Financial Policy). Generally, its value is above the MIBOR (EURIBOR), but his swing is not as prevalent.




This is a shame, the state does nothing for the youth,
the floors are above the clouds caught and rising interest