Portugal Mortgage Rates Skyrocket, Experts Advise Action
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mortgage payments in Portugal hit a record high, surging by 10.4% year-on-year to €112.4 billion by Februarys end, driven by soaring Euribor rates due to Middle East tensions. Newer loans carry 120% more debt than older ones, straining families budgets. Experts advise switching to mixed rates with up to two-year fixes to shield against further increases, as the ECB holds steady but a conflict could force a hike.
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