Sharing Economy News: Large banks raise mortgage rates

Friday, May 15, 2015

Large banks raise mortgage rates – Telegraaf.nl

After years of declining mortgage rates seems bottomed out. Large banks, Rabobank and ING raise their mortgage rates for long durations

Photo: Erald van der Aa

In the financial markets run interest rates for long-term debt, and that feels the home buyer directly in his wallet. After Hypotrust and Rabo Daughter Obvion also increase ING and Rabobank their mortgage rates.

Rabobank mistaken

Rabobank raises the rates for fixed-rate periods of 5 to 8 and 11 to 20 years by 0.1 percentage points. Rabobank announced earlier today not to raise interest rates while daughter Obvion doing so. But then spokespersons out that Rabo Monday the long-term interest rates had been raised.

Monthly skyrocket

ING for 10 years fixed even a rate hike 0 , 2 percentage points in store. This saves on an average mortgage (a 250,000 euro and 42% interest deductibility) soon 24 euros per month net interest expenses.

Obvion increases the rate for mortgages with a fixed interest period of 10 to 15 years with 0, 2 percentage points.

Historic nadir

The mortgage rates fell in recent years, hard to historically low levels. Twenty years tightening may mean even less than 3%. Those low rates handles consumers in recent months to secure their mortgage long to take advantage of the low mortgage rates so far

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