"Mortgage Loans : Interest Rates and provisions continues to decrease"

"The interest rates and average performance in housing credit agreements maintain the downward trend in February.

 

According to the INE (National Statistics Institute), the interest rates decreased by 0,016 percentage points (pp) compared to the previous month, standing at 1,181%. In the last three months contracts, the interest rates was 2,185% (2,178% in the previous month).

The more relevant in mortgage loans, (Housing Acquisition financing destination), the interest rate on the set of contracts increased from 1,206% in January to 1,192% in February. In the last three months contracts, the interest rate stood at 2,142% (2.135% in January).

The average loan repayments for all the housing credit agreements declined 1 euro from the previous month, settling at 239 euros. This reduction originated in component interests, standing the average amortization unchanged  for the third consecutive month.

In the last three months contracts, the average value of the benefit recorded in February was about 313 euros (306 euros in the previous month).

The amount of average capital indebted to all the housing credit agreements decreased 78 euros to 52,018 euros in February 2016."

in DiárioImobiliário.pt