The mortgage interest rate dropped to 4.091% in December, showing a decrease from the previous month, but still above the value of the same period in 2023, according to INE data.
The implicit interest rate on home loans fell by 9.1 basis points in November, settling at 4.186%, down from 4.524% in November 2023.
The implicit interest rate on housing credit continued to fall in October, marking the 9th consecutive month of decline, reaching 4.277%.
In September, the implicit interest rate on housing loans fell for the 8th consecutive time, reaching 4.362%. Although still higher than the same period last year, according to the National Institute of Statistics (INE).
Implicit interest rate on mortgage loans decreased for the 7th consecutive month in August, to 4.417%. Read the numbers below.