Euribor rates could continue to rise until the end of the month, which will have a direct impact on housing credit installments. Those with credit reviewed in October may face significant increases in their monthly payments.
According to projections made by the executive editor of CNN Portugal, Vítor Costa, some installments could rise by up to 100 euros as early as October. This increase reflects the upward trend in Euribor rates that has been observed.
Homeowners with housing credit should be aware of their installment review dates, as the impact will be felt differently depending on when the credit is reviewed. The rise in interest rates directly affects the monthly cost of home purchase loans.
