Latest news and stories about euribor in Portugal for expats and residents.
The rise in raw material prices, originating from Gulf countries due to the blockade of the Strait of Hormuz, will change monetary policy this year. In the eurozone, Euribor is already rising, and Trump's desire for low interest rates may be frustrated. The ECB and the Fed meet this week for the first time since the war against Iran.
The Euribor rate rose today for the second consecutive session at three, six and 12 months compared to Thursday.
Euribor rates, which serve as the basis for calculating home loan repayments, have risen again across the main maturities. These rates have been worsening since the start of the conflict in Iran due to fears that the central bank will have to raise interest rates to contain inflationary pressures that may arise from it.
Fears of inflation following the rise in oil prices are pushing up Euribor rates, which serve as the benchmark for most home loans in Portugal. Markets are already anticipating a more 'immediate' reaction from the European Central Bank compared to 2022.
Home loan payments are set to rise. The Euribor rate is increasing across three, six, and 12-month terms. In the case of the 12-month rate, it has seen its largest jump in 18 years.
Home loan repayments are set to rise. The 3, 6, and 12-month Euribor rates are increasing. In this instance, the 12-month rate saw its largest jump in 18 years. The 3 and 6-month rates show their highest growth since 2023.
The next ECB monetary policy meeting will take place on March 18 and 19 in Frankfurt, Germany
The six-month Euribor rate became the most used in Portugal for variable-rate mortgage loans in January 2024.
The Euribor rate fell sharply this Wednesday for three, six, and 12 months compared to Tuesday. With these changes, the three-month rate, which dropped to 2.122%, remained below the six-month (2.173%) and 12-month (2.369%) rates. The six-month Euribor rate, which in January went from...
In this week's Legal Solutions, Jorge Silva, head of the Order of Notaries, explains whether there is a maximum limit on the interest rates that credit institutions can apply, at a time when the 12-month Euribor has reached its highest value since January of last year.
The European Central Bank will have a decision on interest rates next week, but still lacks data on March inflation. Mortgage repayments may already feel the consequences of the attack on Iran in April, but the effects will only be significant if the instability continues.
The Euribor rate rose this Tuesday for the three, six, and 12-month terms compared to Monday, with the longest term reaching its highest level since January 2025. With these changes, the three-month rate, which advanced to 2.138%, remained below the six-month (2.295%) and 12-month (2.552%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate mortgage loans in January 2024, rose this Tuesday.
The Euribor rate rose today at three, six and 12 months compared to Monday, reaching its highest level since January 2025 for the longest term.
The war in the Middle East region has driven up energy prices, leading the market to fear an increase in inflation, which would cause the ECB to intervene to try to control the price hikes.
The rate also rose for three and six-month terms
The article reports that the Euribor interest rates for 3, 6, and 12 months have increased, reaching their highest levels since January 2025. Specifically, the 6-month Euribor rose to 2.295%, a 0.117 percentage point increase from the previous day, and is now the most used rate in Portugal for variable-rate mortgage loans. The 12-month Euribor also increased to 2.552%, marking a new maximum since January 2025. The 3-month rate rose to 2.138%. These rate hikes reflect ongoing monetary policy adjustments by the European Central Bank (ECB), which maintained its key interest rates in its latest meeting. The rise in Euribor rates impacts Portuguese mortgage borrowers with variable-rate loans, as these rates are based on interbank lending rates among eurozone banks.
Oil prices have risen and continue to climb, which brings a potential inflationary crisis onto the horizon
Simulations are based on a scenario with financing of 150,000 euros over 30 years and a spread of 1%.
Euribor rates rose on Friday across the three-, six- and twelve-month tenors compared with Thursday. The three-month rate climbed to 1.999% but remains beneath the six-month (2.147%) and twelve-month (2.248%) rates, preserving an upward-sloping short-term curve. The six-month Euribor is due to reset in January 2024. The moves will be watched by borrowers and lenders because they affect variable-rate loans and short-term funding costs, and they reflect evolving market expectations about near-term interest rates.
Euribor rates fell on Monday across three, six and twelve-month terms. The three-month rate dropped to 1.982%, slipping below 2% for only the second time since 6 November, and remains lower than the six-month rate (2.132%) and the twelve-month term. The decline suggests marginal easing in short-term money-market borrowing costs, with immediate implications for variable-rate mortgage holders and other borrowers, while signalling market expectations of slower near-term interest-rate pressure.
Households with mortgages tied to the six-month Euribor — the most commonly used term — will see their monthly instalments increase in February. The change raises borrowing costs and is likely to squeeze household budgets as loan repayments climb.
In early February more than 30% of households with variable-rate mortgages will see repayments fall as contracts indexed to the 3‑ and 12‑month Euribor are re‑set lower. However, borrowers tied to the 6‑month Euribor face higher payments, producing a mixed outcome across the mortgage stock. The distribution of effects depends on contract type and review timing: short‑term indexers and recently re‑set trackers gain immediate relief and some boost to disposable income, while those on six‑month fixings — and borrowers nearing the end of introductory fixed deals — may experience pressure on household budgets. The divergence highlights how small shifts in short‑term money‑market rates can materially alter household cashflows, influence refinancing demand and sales in the property market, and shape borrower decisions about switching to longer fixed rates. Policy and money‑market expectations for Euribor through the year will determine whether the February moves are temporary relief or the start of a sustained trend.
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.
