Mortgage interest rate drops for the 2nd consecutive month.

Learn how to access the best interest rates on home loans through credit intermediaries from Poupança no Minuto: save time and money with our free services!

Home credit interest rate decreases to 4.613% in March.

The housing credit interest rate fell again for the second consecutive month, by 2.8% basis points (p.b.) compared to February 2024.

The implicit interest rate in the set of mortgage contracts has now decreased to 4.613% in March 2024, compared to 4.641%, according to data from the National Institute of Statistics (INE).

The average installment was 403 euros, the same value as in February, but 72 euros higher compared to March 2023.

Notice that, in the last month, the portion related to interest represented 61% of the average installment, compared to 45% in March 2023.

In contracts signed in the last 3 months, the average installment decreased by 9 euros compared to the previous month, reaching 619 euros in March 2024. This data corresponds to a 7.5% increase compared to the same month of the previous year.  

In addition, the average outstanding capital for all home loans increased by 233 euros , to 65,391 euros.

Looking to hire a mortgage loan? Access the best rates.

With interest rates on home financing decreasing, it may be a good time to apply for your home loan!  

However, the prospects of a significant decrease are still stagnated, so it is important to consult experts who advise before moving forward.

At Poupança no Minuto, we provide free credit intermediation services that collect proposals from various financial institutions for you to choose the most suitable one. With this service, you can access the best market rates, which are currently based on a mixed interest rate scheme.

In this system, your credit rate remains fixed for a certain period of time, returning to variable when it is expected that Euribor rates will fall again.

Interested? Simulate your home loan here: