Deko indicates that housing payments will decrease in June for all terms

According to modeling by Deco/Dinheiro&Direitos, in June the housing contribution paid to the bank will decrease in all respects, with the largest decrease occurring in cases where indexation is carried out according to the six-month Euribor.

According to the Lusa simulation from Deco/Dinheiro&Direitos, a client with a loan of 150 thousand euros for a term of 30 years, indexed to the six-month Euribor and with a “spread” (bank profit margin) of 1%, starting in June, you will pay 785.82 euros, which means 25.38 euros less than you paid since December.

As for loans indexed to the three-month Euribor, the contribution for the house – under the same conditions – is reduced to 788.18 euros, that is, 10.01 euros less than the contribution paid since the last extension in March.

For contracts indexed to the 12-month Euribor revised in May, the premium is reduced by €16.48 to €776.15.

These values ​​were calculated taking into account Euribor averages in May: 3.787% for six months, 3.813% for three months and 3.608% for 12 months.

The average Euribor rate considered for the purposes of considering a loan with a floating interest rate is equal to the rate for the month preceding the signing of the loan agreement.

Euribor rates have fallen across different maturities, reflecting the expectation that the European Central Bank (ECB) is preparing to start cutting its interest rates, meaning customers with variable-rate bank loans are experiencing some reduction in premiums at the time of payment review. contracts.

At its last monetary policy meeting on April 11, the ECB kept benchmark interest rates at the highest level since 2001 for the fifth time in a row, following 10 hikes since July 21, 2022.

The next ECB monetary policy meeting will take place on June 6 in Frankfurt.