Interest Rates on Housing Credit Decreased to 3.065% in May

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The interest rate on contracts concluded in the last three months fell from 2.833% in April to 2.820% in the previous month, reveals the INE.

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The interest rate on housing credit was set at 3,065% in May, which meant a decrease of 1,2 points (p.b) compared to the previous month. In the contracts concluded in the last three months, the interest rate was set at 2,820%, (less than 1,3 basis points compared to the rate observed in the previous month), according to the data revealed by the National Statistical Institute (INE) this Monday. In the house purchase, the implicit interest rate fo…

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The average value of the monthly loan rose by one euro against the previous one, and was set at EUR 405 in May. An increase of EUR 10 compared to the same one last year.