Interest Rates in Portugal – Best Mortgage Rates

See the interest rates in Portugal that we negotiate for you — just one click away with Portugal Mortgage.

Connect To An Advisor now

Euribor rates

Check the current live rates here.

2.386 %

Euribor 3 months

2.404 %

Euribor 6 months

2.371 %

Euribor 12 months

Take Action Now

Key Factors That Affect Mortgage Rates in Portugal

Interest rates in Portugal change based on the Euribor.
Before making any mortgage decision, it’s smart to check the latest Euribor trends. This can help you understand if now’s the right time to move forward.

Let’s Connect

Compare Fixed, Variable & Mixed Mortgage Interest Rates in Portugal

Fixed Rate

A fixed interest rate stays the same for the entire loan. This means your monthly payments won’t change, even if interest rates in Portugal go up.
Because of this, fixed rates are great for planning your budget. However, they are usually higher than variable mortgage rates. Still, many buyers choose them for peace of mind.

Variable Rate

A variable interest rate can change over time, based on the Euribor. This means your monthly payment might go up or down.
It can start lower than a fixed rate, so it might save you money at first. But, it also carries more risk.
Even so, this option can be a good fit if you’re flexible and want to follow mortgage rates in Portugal closely.

Mixed Rate

A mixed rate gives you the best of both worlds. First, you pay a fixed rate for a few years. Then, it switches to a variable rate.
This setup is helpful if you want stable payments now, but also want the chance to save later if interest rates in Portugal go down.
It’s a smart option if you like a bit of stability and flexibility – and want a safe way to follow changing mortgage rates.

Need Help Understanding Interest Rates in Portugal?

Even though it’s hard to know each bank’s mortgage rates, our brokers do the work for you.
They talk to the banks, compare options, and negotiate the best mortgage deal on your behalf.
That way, you save time and money — without the stress.

Let’s Connect

What Our Customers Say

★★★★★

4.9/5 overall rating

★★★★★

Joao, Paulo and the rest of the team have been absolutely amazing. Being foreigner who does not speak the language, I would have been lost without them. Best of the best service you can hope for.

Victor Levy

★★★★★

Had the best experience! João Almeida Gonçalves has been a tremendous help in our quest for a real estate property in Portugal. We did the whole consultation online as we are not from Portugal, which worked just perfect.

Svenja Engelhard

★★★★★

João is simply the best. He was lightning-quick, delivered me a spreadsheet of options within a day, and smoothly navigated getting me to a far better financial situation than I was in before I contacted him.

Heather El

Interest Rates in Portugal – Frequently Asked Questions

How often do variable rates change?

Variable mortgage rates can change often. Typically, they go up or down depending on the Euribor index.
Lenders usually review these rates every 3, 6, or 12 months, depending on your loan agreement.
To stay ahead, watch Euribor trends and understand how they affect your monthly payments.

Can I switch from a variable to a fixed rate mortgage?

Yes, you can! Many banks let you switch from variable to fixed rates, especially if the market becomes unstable.
Talk to your broker to compare offers and see if it’s a good time to make the change.

What happens if Euribor rates increase significantly?

When Euribor rates increase, your monthly payment can go up too — if you have a variable rate mortgage.
However, working with a broker helps you find better terms, or even switch to a fixed rate if needed.

What is housing market mortgage rate Portugal ?

Mortgage rates in Portugal depend on your profile, loan type, and Euribor.
To see how much you could pay, try our Portugal mortgage calculator and get a quick estimate.

How do I use a mortgage calculator for Portugal?

Just enter the loan amount, interest rate, and loan term into our Portugal mortgage calculator.
You’ll instantly see your monthly payments and total loan cost—helping you plan with confidence.

What’s the difference between fixed, variable, and mixed rates?

Fixed rates stay the same for the loan’s life.
Variable rates change with Euribor.
Mixed rates start fixed, then become variable.
We help you choose based on your goals.

Can foreigners use the mortgage calculator in Portugal?

Yes—our mortgage calculator works for both residents and non-residents.
It helps you estimate payments even before speaking with a bank. Need help? Book a free consultation.

Is the Portugal mortgage calculator accurate?

It gives you a solid estimate, but for a detailed analysis, speak with our experts.
They’ll take into account your financial profile, bank spreads, and terms to give you a personalized offer.

How do interest rates affect my monthly payment?

The higher the interest rate, the higher your monthly payment.
Use our calculator to see how rate changes affect what you pay—this helps you compare offers and lock in the best deal.