Podcast
House payments are falling quickly, because Euribor rates are also falling more than expected. This is creating a “problem” for those who signed up to the fixed rate in 2022 and 2023, when benefits have reached an unsustainable peak. By fixing the rate, they managed to prevent the installments from continuing to rise. But now that they are going down, they are “locked in” to a much higher performance than those who stayed on the variable rate. Can they do anything? And for those interested in doing a fixed rate now, is it a good time or should they wait?
Even if this information doesn’t apply to you, you should listen to understand how banks take advantage of your weakness to make money. Learn the lessons on how to deal with this situation in the next crisis (to come). Journalist Pedro Andersson gives some references on what you should do in today’s episode.
Happy Savings!
Share this podcast with your friends. Take this financial ride to improve your life.
This episode featured sound design by Filipe Cruz. Send your question in audio via WhatsApp 927753737.
Savings Accounts is a podcast by Pedro Andersson, a journalist specializing in Personal Finance, who takes advantage of his car trips to talk about money. Every Monday and Wednesday at 7am, a new ride to start your financial week off right. Available on all podcast applications and on the SIC Notícias and Expresso websites.
