Euribor rates rose across all three common mortgage periods
Friday's Euribor fixings reached 2.573% at three months, 2.762% at six months and 2.956% at 12 months. A one-day move does not reset every mortgage immediately.
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Archived 31 August 2026Variable-rate borrowers can use the figures as a signal, but their next payment depends on the reference period, reset date, outstanding balance and bank spread in their own contract.
- The three-month fixing rose by 0.016 percentage points to 2.573%.
- The six-month fixing rose by 0.016 points to 2.762%, while the 12-month fixing rose by 0.025 points to 2.956%.
- Most variable-rate payments change only when the contract reaches its scheduled review date.
The published rate is not your complete mortgage rate
Euribor is a reference rate used in many euro-area loans. A Portuguese variable-rate mortgage normally adds the bank's contractual spread and applies the relevant Euribor at a defined review date. That is why two borrowers reading the same Friday fixing may not see the same payment change.
The July monthly averages were 2.425% at three months, 2.647% at six months and 2.855% at 12 months. The contract may use a monthly average rather than a single day's fixing, so check the wording before calculating a new instalment.
What to calculate before changing a loan
Ask the bank for the current outstanding principal, spread, reference period, next reset date and any early-repayment or product-bundling costs. Compare the total cost of a fixed, mixed or variable alternative over the period you expect to keep the loan.
A lower advertised rate can be offset by insurance, account fees, transfer costs or a temporary promotional period. Use the standardised pre-contract information and a written simulation rather than comparing headline percentages alone.
What you can do now.
- 01
Find the Euribor period and next reset date in your contract.
- 02
Request a written payment simulation from the lender.
- 03
Compare total costs before switching rate type or bank.
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