Despite Euribor edging down to around 2%, many borrowers remain cautious: mixed-rate mortgage deals continue to dominate both new contracts and renegotiations, and some households are choosing to extend the fixed portion of their repayments rather than switch to variable rates. Mortgage brokers are playing a growing role, advising on re-fixing instalments, comparing mixed vs fixed options, and arranging refinancing to manage payment certainty amid ongoing market uncertainty.
Fall in Euribor fails to convince — some families are extending the fixed period on their mortgage instalment
Sunday, 25 January 2026RSS
Context & Explainers
Euribor (Euro Interbank Offered Rate) is the benchmark interest rate at which European banks lend to one another and is widely used as the reference for variable‑rate mortgages in Portugal. Changes affect monthly payments directly: the recent figures reported were 2.034% (3‑month), 2.104% (6‑month) and 2.255% (12‑month), so a rising Euribor typically increases costs for borrowers with tracker or variable loans.
