Ten Years Mortgage rates plunge below 2 percent – NU.nl

The mortgage rate for a ten-year-NHG loan at several providers even plunged below the 2 percent mark, according to figures from the Hypotheekshop.

Thus, the interest rate of the mortgage advisor at the lowest level ever landed. In 2009, providers charge for a mortgage with a fixed interest period of ten years with National Mortgage Guarantee (NHG) averaged more than 5 percent interest. The expectation is that interest goes even further next time.

European Central Bank

It has everything to do with the policy of European Central Bank (ECB). Which keeps interest rates very low in the euro area for some time and indirectly pumping billions into the banking

sector with a large buyback program bonds. Most market experts expect that the ECB interest rates in Europe down further soon screws.

The competition in the mortgage market has lately also on the rise, with the accession of pension funds and insurers. The big banks, Rabobank, ABN AMRO and ING today have less than 50 percent of the market in the hands

By:. ANP