In March chose 52 percent of Dutch households with a mortgage names for a period of five to ten years in which the rate is established on the mortgage, reports De Nederlandsche Bank (DNB) on Wednesday.
Still another 20.5 percent of households took a rate fixation period of more than ten years. 15 percent of new mortgages was being put for a period of one year and 12.5 percent for a period of one to five years.
In recent years, mortgage rates have fallen sharply. More than two years ago, yet agreed a rate of approximately 4 percent on a home mortgage with a fixed interest period of five to ten years. Now is that level well below 3 percent.
Security
As more home buyers opt for security by allowing fix the interest rate. The number of new residential mortgages which ended with a rate fixation period of five to ten years has grown from 2014 to 2015 of 39 percent to 52 percent.
The share of mortgages with a rate fixation period of more than ten years increased from 6 percent to 16 percent.
Compared with households in the rest of the eurozone choose Dutch look a lot less common to fix the interest rate for more than a decade. Almost half of the households in the euro area opted in 2015 for a fixed interest rate period of ten years or more.
Lower interest rates
22 percent had a preference for a fixed-interest period between five and ten years. 10 percent opted for a fixed-interest period between one and five years and 21 percent chose a fixed rate period to one year.
The interest rates in the rest of the eurozone often lower. The average rate on a home mortgage was 2.22 percent in February, about 0.55 percentage points lower than the average rate in the Netherlands
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