Mortgages set to increase by as much as €100 in some cases

With the Euribor six-month interest rate registering a new increase yesterday – from 1.009% to 0.029%, acceptance is that mortgages are set to increase, in some cases by as much as €100 this year. Economist Nuno Rico of DECO Proteste (consumer advisors) warns the six-month Euribor, commonly used in Portugal to calculate mortgage repayments, could increase to 1% before the end of 2022.