Finance

Mortgage interest rates rise to 3.135% in July

The interest rate on mortgage contracts rose to 3.135% in July, reflecting an increase in repayment costs.

20 August 2026Tagblick Newsdesk

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Archive photo: Mortgage interest rates rise to 3.135% in July — Archive photoPhoto: João Carvalho · Wikimedia Commons · CC BY-SA 3.0

In July 2023, the implicit interest rate on mortgage contracts increased to 3.135%. This rise, according to the National Institute of Statistics, corresponds to an increase of 3.4 basis points compared to the previous month, June, which recorded a rate of 3.101%.

In addition to the rise in the interest rate, the average repayment amount for mortgages also saw a change. Last month, the average repayment increased by three euros, totaling 414 euros.

This amount represents a rise of 20 euros compared to the repayment value for mortgages a year ago.

Information about the interest rate was released in a publication from the National Institute of Statistics, which analyzes the conditions of mortgage credit in Portugal.

The upward trend in interest rates is observed following a previous increase recorded in June, continuing to impact the costs of loans for home purchases.

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