Over half of new mortgages in September have initially fixed rate

More than half of new home loans granted in Portugal in September were contracted with a mixed interest rate, that is, fixed in an initial period and then becoming variable in the following period, according to data released by sector supervisor the Bank of Portugal. According to the central bank’s latest statistics, in September, new loans granted to individuals for their own permanent home with a mixed rate accounted for 55% of all new home loans, writes Lusa.