Euribor prices fell today to three and six months and rose to 12 months, for the fourth consecutive session, to a new maximum since November 2008, Lusa advances
The 12-month Euribor rate, currently the most widely used rate in Portugal for variable housing loans, rose today to 4.088%, up 0.006 points from Tuesday, a new high since November 2008.
According to March 2023 data from the Bank of Portugal, 12-month Euribor accounts for 41% of the “stock” of loans for permanent home ownership at a variable rate. The same data shows that the six-month and three-month Euribor accounts for 33.7% and 22.9%, respectively.
The 12-month average price of Euribor increased from 3.757% in April to 3.862% in May, plus 0.103 points.
Within six months, the price of Euribor, which entered the positive zone on June 6, 2022, has fallen today, set at 3.886%, down 0.006 points against the new maximum since November 2008, 3.892%, verified on Tuesday.
The six-month average Euribor increased from 3.516% in April to 3.682% in May, plus 0.166 points.
In the same sense, Euribor has fallen for three months today, set at 3.568%, down 0.019 points, against the new maximum since November 2008, which is 3.587%, also verified on June 20.
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