For contracts reviewed in April, the monthly payments to banks will drop between 30 and 115 euros, based on simulations conducted by DECO PROteste\/Contas e Direitos (ECO).<\/p>\n\n\n\n
This marks the lowest instalments in two and a half years for loans linked to the six-month and 12-month Euribor rates.<\/p>\n\n\n\n
This reflects the outlook for monetary policy in the Eurozone. Since last summer, the European Central Bank (ECB) has been easing official interest rates.<\/p>\n\n\n\n
For example, on a 150,000-euro, 30-year loan with a 1% spread, the impact of the rate changes would be as follows:<\/p>\n\n\n\n
– Three-month Euribor: the instalment you’ll pay over the next three months will drop to 669.72 euros, 31.35 euros less (-4.47%) than the instalment you’ve been paying since January;<\/p>\n\n\n\n
– Six-month Euribor: the instalment you’ll pay over the next six months will be around 664.39 euros, with a reduction of 74.22 euros (-10.1%) on the instalment you’ve been paying since October;<\/p>\n\n\n\n
– 12-month Euribor: the instalment you will pay over the next 12 months will fall to 665.8 euros, a decrease of 113.78 euros (-14.6%) on the instalment you paid the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"