- 3-month Euribor: eased to 2.026%
- 6-month Euribor: edged down to 2.111%
- 12-month Euribor: slipped to 2.092%
In Portugal the 6-month Euribor remains the primary reference for variable-rate mortgage lending, underpinning almost 38% of all outstanding contracts.
At the most recent European Central Bank (ECB) meeting on 24 July, policymakers elected to hold rates steady following a series of eight consecutive reductions since mid-2024. Market sentiment suggests a period of stability may follow; however, a further 25bps adjustment at the 10–11 September meeting remains a possibility. .
Lower Euribor levels are already translating into a gradual easing of financing costs, particularly within the mortgage market. For those looking to secure a mortgage, the current decline in Euribor rates may offer advantages such as:
- Access to more competitive financing conditions.
- Lower initial monthly repayments.
- Improved ability to plan and sustain long-term financial commitments.
In an environment of evolving interest rates, securing the right mortgage solution requires foresight, precision, and the support of true specialists.
At Sublime Mortgage, we pride ourselves on delivering bespoke mortgage strategies, designed around your lifestyle, investment goals, and long-term financial vision.
With unparalleled access to leading lenders and tailored structuring expertise, we are here to ensure you benefit from the most advantageous mortgage solutions available.
Sublime Mortgage – your best partner in navigating the mortgage landscape with confidence.
