Euribor falls again for the most commonly used mortgage term
On Friday 13 November 2026, the 6-month Euribor rate—most commonly used for variable-rate mortgages in Portugal—fell to 3.015%. Conversely, the 12-month rate rose to 3.328% and the 3-month rate increased to 2.775%.
Why it matters
If you have a variable-rate mortgage linked to the 6-month Euribor, your next interest payment calculation will reflect this slight decrease, helping to stabilize or lower your monthly installment.
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
The 6-month Euribor, the most commonly used rate for variable-rate mortgages in Portugal, fell to 3.074% on Wednesday, while the 12-month rate dropped to 3.329%. The 3-month rate remained stable at 2.617%. These rates are set based on interbank lending in the Eurozone, with the European Central Bank's next monetary policy meeting scheduled for October 28-29.
Although Euribor rates saw slight declines in September ahead of an ECB decision, the accumulated increases continue to raise the cost of credit for families. Mortgage installments subject to a rate reset in November will experience an increase due to the calculation methods used by banks.
Borrowers with home loans scheduled for revision in November will see their monthly payments increase, as the average Euribor rates for October remain higher than those from three, six, or 12 months ago. However, the pace of these increases is slowing, and data shows a slight monthly decline in the 3-month and 12-month Euribor rates compared to September. For a sample 200,000-euro loan over 30 years with a 1% spread, monthly payments are projected to rise by approximately 21 euros for 3-month indices, 54 euros for 6-month indices, and 109 euros for 12-month indices.