{"id":315802,"date":"2025-08-03T23:54:09","date_gmt":"2025-08-03T23:54:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/315802\/"},"modified":"2025-08-03T23:54:09","modified_gmt":"2025-08-03T23:54:09","slug":"mortgage-interest-rates-fall-the-portugal-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/315802\/","title":{"rendered":"Mortgage interest rates fall &#8211; The Portugal News"},"content":{"rendered":"<p>According to data from the banking supervisor, the average interest rate on new mortgage loans fell from 2.97% in May to 2.91% in June, representing the 19th decline in the last 20 months (the exception was January 2025, when it rose 0.03 percentage points).<\/p>\n<p>This is also the lowest average interest rate on new loans since October 2022 (2.76%).<\/p>\n<p>The average interest rate on new mortgage loans fell for both new contracts and renegotiated contracts, with average rates falling by 0.04 percentage points and 0.13 percentage points, to 2.87% and 3.11%, respectively.<\/p>\n<p>Across euro area countries, the average interest rate on new mortgage loans fell by 0.01 percentage points to 3.29%, with Portugal having the fifth lowest average interest rate, falling below the euro area average.<\/p>\n<p>The average monthly instalment on outstanding mortgage loans fell by one euro in June compared to May, to 413 euros, reaching its lowest level since September 2023.<\/p>\n<p>Data released by the <a href=\"https:\/\/www.bportugal.pt\/en\" target=\"_blank\" rel=\"noopener\">BdP<\/a> adds that the six-month Euribor was the most widely used rate for new mortgage loans in June, representing 50.6% of the total for new variable-rate loans.<\/p>\n<p>The 12-month Euribor, which was the most widely used in the previous 22 months, accounted for 40.52% of new variable-rate loans, while the three-month Euribor accounted for 5.18%.<\/p>\n<p>In terms of the total stock of home loans, the six-month Euribor accounted for 37.74%, the 12-month Euribor 32.28%, and the three-month Euribor 25.28%.<\/p>\n","protected":false},"excerpt":{"rendered":"According to data from the banking supervisor, the average interest rate on new mortgage loans fell from 2.97%&hellip;\n","protected":false},"author":2,"featured_media":315803,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-315802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114967534852702096","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/315802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=315802"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/315802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/315803"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=315802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=315802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=315802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}