Not 100% sure about Estonia but at least here in Finland mortgages are usually some margin + Euribor. Maybe with optional cap on max interest rate (that usually

Not 100% sure about Estonia but at least here in Finland mortgages are usually some margin + Euribor. Maybe with optional cap on max interest rate (that usually pushes the margin up to compensate). If you manage to get a fixed rate it is usually way higher then Euribor at that moment and still only fixed for the first 7 or 10 years of the loan after that usually 12month Euribor. For example I am currently paying only margin (Euribor was still negative when the Euribor rate was last updated for the 12month rate that I am using) so 0.4%. With Euribor steadily creeping up expecting to 3 or 4x the interest portion of my loan at the end of the year but not a big deal personally.