The European Central Bank is set to announce its interest rate decision soon, but mortgage payments are already expected to increase. Euribor, previously around 2%, is rising amid the conflict in Iran and approaching 3%, which will raise costs for borrowers facing rate resets in the coming months. Those with recently revised terms or fixed and hybrid rates are not immediately affected. For a €150,000 loan, payments have already risen by about €15 per month and could reach €30. Experts advise reviewing loan terms, comparing offers from other banks, making partial early repayments, and optimizing insurance costs to reduce monthly expenses. Material taken from https://t.me/s/pronews_portugal
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