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Portuguese who have variable rate mortgages, especially those who have bought a house in recent years, should reach end of this year with increase in payments, which should approach 100 euros per month – an increase of approximately 25% compared to the average contributions paid under these new contracts. This is the predictable impact of rising interest rates, strong ECB signalin installments on a mortgage loan – but could be even worse if the growth of interest rates in the markets continues to amaze with its speed.
So far, reality has prevailed over fiction. if in mid-February, the Observer warnedbased on market futures indicators that the 12-month Euribor could rise to positive ground in June, upon arrival this month of June not only this 12-month index is well above zero (0.361%). but also the six-month Euribor is very close to going above zero.
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