A further increase in Euribor rates, with consequences for housing credit, should occur next month.
A taxa Euribor rose today for the second consecutive session in three, six and 12 months compared to Thursday.
With today’s changes, the three-month rate, which has advanced to 2,157%, continued below rates at six (2,289%) and 12 months (2,522%).
The six-month Euribor rate, which in January 2024 became the most used in Portugal in housing loans with variable rates, rose today, being set at 2.289%, 0.064 points more than on Thursday.
Data from the Bank of Portugal (BdP) for January indicate that the six-month Euribor represented 38.93% of the stock of loans for permanent home ownership with variable rates.
The same data indicates that the 12- and three-month Euribor represented 31.78% and 24.98%, respectively.
Within 12 months, the Selic rose today to 2.522%, 0.066 points more than on Thursday. On March 10, the 12-month Euribor was set at 2.552%, a new maximum since January 2025.
In the same sense, the three-month Euribor rose today when it was set at 2.157%, 0.007 points more than on Thursday.
With these constant and already expected increases, markets are already anticipating European Central Bank interest rate hikes.
As we know, interest rates are directly related to mortgage loans. Therefore, the house payment will go up in Aprilwarn or .
In specific accounts, and in the case of a credit of 150 thousand euros over 30 years and with a spread 1%, in three-month Euribor the installment increases slightly to 637 euros; six months, an increase of almost 5 euros for 645 euros; and in 12-month contracts, the new monthly fee goes to 660 euros, an increase of 5.5 euros.
