Banco de Portugal's April Housing-Credit Print Marks New-Loan TAA at 2.86% — Stock-Implied Rate Climbs to 3.088% as the 45% Taxa de Esforço Cap Lands From 1 July
Banco de Portugal's April 2026 housing-credit print marks the new-loan rate at 2.86% (+5bp m/m) and the stock-implied rate at 3.088% — its first uptick in two years. The 45% DSTI cap lands 1 July, cutting a typical €3,500-net-income household's borrowing ceiling by €18,000-€25,000.
