The Bank of Portugal reports a decrease in the popularity of mixed-rate mortgages for new loans. In the latest data, 75.4% of new mortgage credit was issued with a mixed rate, down from 81.5% in 2024. Simultaneously, variable-rate mortgages have seen an increase, now accounting for 18.6% of new loans. This shift indicates a changing preference among borrowers, potentially influenced by evolving economic conditions and interest rate expectations. The data also reveals a 7.2% reduction in early mortgage repayments. These trends suggest a cooling in the refinancing market and a potential adjustment to increased borrowing costs. The Bank of Portugal’s findings offer insight into the current dynamics of the Portuguese mortgage market.