Are construction loan interest rates currently rising?

Hm yes, so what I have received from the bank and what I would now colloquially describe as an offer is officially called a "model calculation for a construction financing". So it may be that this model calculation would not be considered an "offer" in the legal sense!? But now that's getting too subtle for me... Upon inquiry, it is said that today we are only applying for the loan at the building society in order to meet tomorrow's deadline. The actual offer from the building society, ready for signature, will only follow in the next few weeks.

Yes, interest rates are supposed to rise and have also risen again and again in recent months. However, I would definitely not let myself be pressured when it comes to the loan. Sometimes a "shortage" is also pretended to make a quick decision and possibly overlook a mistake in the haste.

Hm yes, so what I received from the bank and what I would now colloquially describe as an offer is officially called "model calculation for a construction financing". So it could be that this model calculation would not be considered an "offer" in the legal sense!? But that's getting too subtle for me now... By the way, upon inquiry, it is said that today we are only applying for the loan with the building society to meet tomorrow's deadline. The actual signature-ready offer from the building society will only be made in the coming weeks.

that means: quickly have an offer made and check it calmly. You don't have to sign anything

that means: quickly get an offer and review it calmly. You don't have to sign anything

exactly do you also work for free? Then you are welcome to start with me. Interest rates have been rising continuously for 3 weeks, I no longer believe in interest rate cuts in the near future

exactly, do you also work for free? Then you are welcome to start with me.

My loan offers I received for free. That is called customer service
And, yes, my offers are also free!

Oh... Before the interest rate can fall again, it first has to rise.

The interest rates fell after the ECB’s announcement to buy government bonds indefinitely. Nobody could have guessed that it was revealed that the plan was a pipe dream. Ha ha.

But the next chance to launch a balloon is not far away.

Since the ECB will continue to try to manage the crisis within the crisis and no longer even believes its own statements, (I think) some actions will probably follow next week. The "if, then" powder is spent.

Currently on the announcement list are, for example: negative deposit rates, further key interest rate cuts, and/or relaxation of banks’ collateral requirements.

In the short term, the corresponding measure will probably ease the situation - at least for the duration of a week or two. Until the market realizes again that it has only been “glued better."

Far too many factors and disturbances influence the market for the measures of a single institution to even remotely think and steer in the medium term.

And all the analysts and experts are no more accurate with their calculations and forecasts than the owner of the sausage stand on the corner.

So it is not hard to say: In the short term, interest rates will recover to rise again in the medium term.

Without stating values on a concrete timeline, the above statement will very likely come true.

Let’s see, then we’ll see.