ETW Financing - Has the interest rate situation deteriorated extremely?

Hello,

we have been through our own construction financing since February 2021. It was done via Interhyp, where we received portal access.

Now I wanted to play around and calculate a bit for someone else with this account, of course adjusting salary, place of residence, etc.
I was shocked.

Condominium including tax, land register, etc. 90K
We have equity of 20K. There would be more available, but we just wanted to roughly meet the 20% equity quota.

Result of the first search for 10 years fixed interest = Sparkasse with 1.45% at 6% repayment :oops: What? :oops:

Sure, a personal consultation at Interhyp with an appointment will get a few percentage points off, but not down to under 1%. We would have gotten the 10-year rate in February for around 0.7%.
Has everything skyrocketed so much in the last few months? Is the loan amount too low/uninteresting? Some other mistake in my thinking?
Or just the reality :p

Who on earth is supposed to make anything of this / be able to say anything about it? :oops:

Hello, with our own construction financing we have been done since February 2021. It went through Interhyp, we had received a portal access there. Now I wanted to do some calculations and play around a bit for someone else with this account, of course adjusted salary, place of residence, etc. I was shocked. Condominium including tax, land register, etc. 90K We have equity of 20K. More was available, but we only wanted to roughly meet the 20% equity quota. Result of the first search for 10 years fixed interest = Sparkasse with 1.45% at 6% repayment :oops: What? :oops: Sure, the personal consultation at Interhyp with an appointment will get a few percentage points out but not below 1%. We would have gotten the 10-year in February for between 0.7%. Have interest rates shot up that much in the last few months? Is the loan amount too low/uninteresting? Some other error in my thinking? Or just the reality :p

Yes, in recent months the interest rates have shot up between 0.3 and 0.5%. We had an offer from MBS in March at over 0.9% for 15 years fixed interest, now 1.33%.

What do you think is missing? Purchase price and equity ratio should be enough for a rough estimate. Ok, I can also provide the desired rate of around €450. But I don't need financing from A to Z here, just a few data from the environment.

Now I wanted to do some calculations and experimenting for someone else with this account, of course salary, place of residence, etc. all adjusted.

Well. Just do a counter-check and don’t adjust the data. So leave everything as it was with you. Then you’ll have a better feeling whether it’s due to the interest rate development or the individual circumstances of your friends.

Has it all shot up so drastically in the last few months?

Yeah, and the year before that it dropped drastically. Take a look at the trend over the last 30 years.