Portugal: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 3.99 percent as of June 2023, an increase compared to the previous value of 3.75 percent. Historically, the average for Portugal from January 2003 to June 2023 is 2.46 percent. The minimum of 0.82 percent was recorded in January 2022, while the maximum of 5.99 percent was reached in November 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Portugal
| Recent values | Portugal: Mortgage credit interest rate, percent |
|---|---|
| 2023 Jun | 3.99 |
| 2023 May | 3.75 |
| 2023 Apr | 3.48 |
| 2023 Mar | 3.25 |
| 2023 Feb | 2.91 |
| 2023 Jan | 2.62 |
| 2022 Dec | 2.32 |
| 2022 Nov | 1.84 |
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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 4.3 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 0.9549 | 12/2024 | Local Currency Units per USD |
| Money supply (broad money) | 233.70 | 12/2020 | billion |
| Consumer Price Index (CPI) | 122.2400 | 12/2024 | index points |
| Inflation, monthly | -0.28 | 12/2024 | percent |
| Inflation, annual | 3.10 | 12/2024 | percent |
| Private sector credit | 203.27 | 9/2024 | billion |
| Business credit | 72.34 | 9/2024 | billion |
| Household credit | 130.93 | 9/2024 | billion |
| Mortgage credit | 100.83 | 9/2024 | billion |
| Consumer credit | 30.10 | 9/2024 | billion |
| Deposit interest rate | 3.09 | 10/2023 | percent |
| Business credit interest rate | 5.01 | 6/2023 | percent |
| Mortgage credit interest rate | 3.99 | 6/2023 | percent |
| Household debt to GDP | 54.00 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 13.80 | Q2/2024 | percent |