# Translation Interest rates remain stable in March at 2.8%, but the third rise in euribor in May anticipates more rate pressure due to the war in coming months The rental price cap allows for a 7% reduction in prices over one year in Navarre Mortgages for home purchases rose 9% in March compared to the same month last year, despite the context of a slowdown in home sales, which have chained a quarter of declines with a 2.2% drop compared to March last year. Average interest rates remained stable at 2.8%, even with a decrease of 0.8 percentage points compared to January, which still does not reflect the effects of the war and the rise in euribor. Since there is a greater proportion of home financing, "more buyers will be exposed to the euribor increase," points out Ferran Font, director of studies and spokesperson for Pisos.com, noting that "probably" April and May will already begin to reflect a rate increase.