Mortgage interest rates slightly up | Financial

For a fixed term of 30 years, this concerned one in four lenders, the financial adviser notes. A few other interest rates also went up. For the time being, these are small increases of two to five hundredths.

“There is a good chance that we are at a turning point and that we will see more increases in the coming weeks,” said Oscar Noorlag of the advisory group. “Lenders who have not yet raised will now be more likely to make the decision to raise as well and then multiple rounds of small raises are possible.”

Noorlag notes that the margins of the mortgage lenders have fallen sharply in recent months because the capital market interest rate has risen. Normally the difference is between 1.3% and 1.6%, now it is less than 1%.

“This means that with an unchanged market interest rate, there is a chance that mortgage interest rates will increase by 0.3% to 0.6% in the coming months,” said Noorlag. “Market interest rates may also continue to rise when the economy picks up later. Many products and services will certainly be priced higher in the first instance than before the crisis, so that inflation will increase in the short term and interest rates rise. ”

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