The monthly mortgage payment is set to decrease in November for variable rate housing credit contracts indexed to the 12-month and six-month Euribor rates, but will increase for those indexed to the three-month Euribor rate, according to a simulation released by Deco Proteste.
Will the mortgage payment rise or fall? Check the simulations
The simulations provided to Lusa by Deco Proteste/Contas e Direitos are based on a scenario involving a loan of 150,000 euros over 30 years with a 1% commercial profit margin (‘spread’).
Under these conditions, a credit contract with a 12-month Euribor index will have a payment of 647.63 euros, which is 42.03 euros less than the amount paid since the last revision in November of last year.
Meanwhile, a customer with a credit under the same terms but indexed to the six-month Euribor will see their payment decrease to 641.10 euros, a reduction of 7.76 euros from the amount paid since the last revision in May.
For a credit indexed to the three-month Euribor, the payment will now be 635.16 euros, indicating an increase of 3.89 euros compared to the last revision in August.
The payments indexed to the Euribor rates for 12 and six months decrease because the monthly average of these Euribor rates was lower in October (2.187% for 12 months and 2.107% for six months) compared to previous periods.
Conversely, payments indexed to the three-month Euribor increase since the three-month rate slightly rose in October (to 2.034%) compared to the comparable month.
The Euribor rate decreased today for three months and increased for six and 12 months compared to Thursday, ending October with the monthly average rising across all three terms.
Lusa | 10:52 – 31/10/2025
The European Central Bank (ECB) announced this week that it will maintain the benchmark interest rates. The rates applicable to the deposit facility, main refinancing operations, and marginal lending facility will remain at 2.00%, 2.15%, and 2.40%, respectively.
The average Euribor considered for the revision of a variable rate loan is from the month preceding the signing of the credit contract.
The Governor of the Bank of Portugal (BdP) viewed the decision of the European Central Bank (ECB) to maintain interest rates at 2% positively, as it allows for a reaction margin in the event of a new economic shock.
“Keeping the interest rate at this time is the right decision because it’s important to maintain a margin to prevent potential future shocks,” stated Álvaro Santos Pereira in Coimbra, at the Avelar Brotero Secondary School, before a class on savings.
The former Minister of Economy, who assumed the role at BdP at the beginning of this month, succeeding Mário Centeno, noted to journalists that the “monetary policy has done what it needed to ensure price stability.”
“We know what happened in recent years when inflation rose to substantial levels, causing people to lose purchasing power,” he emphasized.
The Governor of the Bank of Portugal (BdP) considered today that the decision by the European Central Bank (ECB) to maintain interest rates at 2% is positive, providing a cushion for potential economic shocks.
Lusa | 13:45 – 31/10/2025
