Mortgage interest rates in Portugal can vary depending on the lender and the specific mortgage product you choose. Interest rates may also be affected by market conditions and other factors such as your credit score, income, and debt-to-income ratio. As of 2021, the average mortgage interest rate in Portugal was around 1.5% to 2% per year for fixed-rate mortgages and around 2% to 3% for variable-rate mortgages.
It is a good idea to shop around and compare mortgage products from different lenders to find the one that offers the best interest rate and terms for your needs. You may also want to consider seeking the advice of a financial advisor or mortgage broker who can help you understand your options and negotiate a better interest rate with the lender.
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