Crédito habitação com taxa variável? Saiba se a sua prestação desce em fevereiro

Mortgage with variable rate? Find out if your installment goes down in February.

If you have a mortgage with a variable interest rate regime, indexed to the three or six month Euribor, it's official: you will see your monthly installment slightly decrease in February. Understand the values at play.

07 Feb 20243 min

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Want to see your monthly installment decrease even more? The credit intermediaries of Poupança no Minuto can find solutions that will have a more immediate impact on your wallet! Contact us now, or find out beforehand if you are included in the February reductions.

Repayments with Euribor at three and six months decrease in February.

With the decrease of some Euribor rates - in the three and six month terms - some will see their home installment fall this month of February.

Borrowers of variable-rate mortgage loans indexed to Euribor at three and six months, with the revision scheduled for February, will experience a slight decrease in the monthly amount they pay for financing.

Regarding the 12-month Euribor rate, this will still see an increase, unlike the decreases in other terms.

According to simulations by DECO PROteste, released by Notícias ao Minuto, the variations in question amount to a few euros per month.

Considering a home loan with a debt value of 150,000 euros, a repayment term of 30 years, and a 1% spread, and the Euribor averages in January, according to the terms, this will be the impact on installments

  • Euribor at 6 months at 3.892% - 795.36 euros (compared to the 799.92 euros revised in August 2023);
  • Euribor at 3 months at 3.925% - 798.37 euros (compared to the revised 802.30 euros in November 2023);
  • Euribor to 12 months at 3.609% - 769.77 euros (compared to 745.57 euros revised in February 2023).  

BCE maintains interest rates unchanged. Forecast of decline only in the summer.

At the latest monetary meeting, the European Central Bank (ECB) decided to keep the interest rates unchanged for the third consecutive time, after a cycle of increases. According to Christine Lagarde, the ECB's leader, the possibility of interest rates falling again is expected in the summer of 2024.

So, if you want to see your monthly performance of mortgage credit more quickly and with a greater impact, consider other options for now.

Did you know that you can transfer your mortgage credit to a new bank with more advantageous conditions for you? There are banks promoting mixed rates campaigns at 2.50%, if you fix the rate over a year. This contrasts with the values close to 4% of Euribor rates. This would have a big impact on your monthly installment and total cost of credit, saving a significant amount.

If you are interested in this option, contact a credit intermediary from Poupança no Minuto, so that they can simulate your case with different banks, and present you with different proposals. From there, the agent will help you choose the best proposal for you, according to values, needs and preferences. All of this through a free service! Contact us directly or simulate here.

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