Long-term mortgage interest rates have barely changed in 2023, De Hypotheker sees. It also hardly matters anymore whether you fix the interest for ten, twenty or thirty years.
The differences between the interest periods have now become historically small. There is only a 0.08 percentage point difference between the average 20- and 30-year interest rates. And the difference between a fixed-interest period of ten or thirty years is 0.36 percentage point. The small differences make it more attractive to fix the mortgage interest for a longer period.
A ten-year mortgage interest with National Mortgage Guarantee (NHG) has risen by only 0.01 percentage point since January. At the same time, the thirty-year mortgage rate fell by 0.01 percentage point. So they have remained almost the same.
You have to pay attention to variable interest rates, which are currently higher than the average long-term mortgage interest rate. The interest rate rose from 3.35 percent in January to 4.62 percent in May. Variable interest rates can differ monthly and rise or fall in line with interest rate increases of the European Central Bank (ECB).
The five-year interest rate is also higher than a longer fixed-interest period. This inverted yield curve has arisen because the ECB has raised its interest rates. Short-term interest rates then rise along with it. De Hypotheker expects long-term mortgage interest rates to fall towards the end of 2023.
2023-06-05 07:19:58
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