Home loan interest rate drops for the 14th consecutive month to 3.735%.

Interest rate for home credit drops to 3.735% in March.

The data is from the National Institute of Statistics (INE), shared in the News at the Minute, and indicate another decrease in the mortgage interest rate.

The implicit interest rate on home loans recorded a new decrease in March, settling at 3.735%. This is the 14th consecutive month of decline, reflecting the trend of slowing interest rates in the real estate market.  

According to INE, this reduction represents a decrease of 0.015 percentage points compared to the previous month. The continuous fall in interest rates has a direct impact on the monthly installments of mortgage contracts, which can ease the financial burden on families.

However, the effect of this decrease varies according to the type of contract and the frequency of interest rate revision. Contracts with variable rates and more frequent reviews may benefit more quickly from this trend.

This evolution occurs in a context of adjustment of monetary policies, with the European Central Bank (ECB) maintaining a cautious stance towards inflation and economic growth in the euro area.

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