The three-month and twelve-month Euribor rates recorded increases, while the six-month rate recorded a decrease. This evolution was recently reported, indicating changes in the behavior of these reference indices used in European financial markets.
The six-month Euribor is particularly relevant for the Portuguese market. Since January 2024, this maturity has become the most used for variable rate mortgages in Portugal, replacing other maturities as the main reference for borrowers.
According to data recorded last Wednesday, the six-month Euribor rate settled at 2.770%. This value represents the most recent reference point for those who have or are contracting home loans indexed to this rate.
Variations in Euribor rates have a direct impact on household budgets, as they affect the value of monthly mortgage payments. The decrease in the six-month rate may represent some relief for borrowers, although the three and twelve-month rates have followed the opposite trend.
