Interest rate on home loans decreases for the 6th consecutive month.

Mortgage credit: Implicit interest rate decreases from 4.513% to 4.487%

According to data from the National Statistics Institute (INE) shared by Notícias ao Minuto, the weight of interest represented 60% of the average home loan installment in July, an increase of 5% compared to the previous month.

In addition, the data also indicates that the average payment has settled at 405 euros, one euro more than the previous month and 35 euros more than the same month the year before. Representing a monthly variation of 0.2%.

There was also an increase in the average installment value in contracts signed in the last three months, to 611 euros, a 1.2% increase compared to June.

This was the 6th consecutive month in which the implicit interest rate on all housing loans decreased, now standing at 4.487% - a 2.6 basis points decrease from the previous month (4.513%). & nbsp;

In contracts signed in the last three months, the interest rate has decreased for the 9th consecutive month, from 3.729% in June to 3.713% in July.

Finally, the average capital owed for all housing loans increased by 250 euros, reaching 66,529 euros.

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