Portugal's Housing Loan Rates Rise to 3.06% in Sixth Consecutive Month
Portugal's mortgage rates have risen to 3.06% in September, marking the sixth consecutive month of increases and putting pressure on homebuyers.
📌 Key Highlights & Context
- New mortgage rates hit 3.06% in September
- Rate increased by 0.05 percentage points from August
- Renegotiated loans saw a slight decline to 3.05%
New Mortgage Rates
According to data released by Banco de Portugal, new mortgage rates rose to 3.06% in September, the highest level since April 2025.
Drivers of the Increase
The rise was driven primarily by a 0.07 percentage point increase in new contracts, while renegotiated loans fell 0.02 percentage points to 3.05%.
- New contracts: 3.06%
- Renegotiated loans: 3.05%
Sources
Juros dos novos créditos à habitação sobem pelo sexto mês para 3,06%