WilderSueden
2021-02-26 19:25:05
- #1
Not good. Actually, I still have time until May/June. I need to contact the financer over the weekend to see what they can offer.
Is the interest rate for buying a house too high?
- Erstellt am 2021-02-15 23:36:44
RotorMotor
2021-02-26 19:37:14
- #2
Is that a reliable indicator that real estate financing will increase accordingly?
nordanney
2021-02-26 19:41:55
- #3
No, there really aren't any rising interest rates. These are currently sideways movements (anything up to 0.5% increase is not an interest rate hike for me - viewed long-term). Only in the very long term does the yield curve begin to steepen somewhat. Also, there must be a gap again between KFW and bank loans. Then from Q3 onwards, KfW will be worthwhile again, as interest rates from 0.01% will be possible (in addition to the grants).Is that a sure indicator that real estate financing is correspondingly increasing?
chamäleon
2021-02-26 19:42:22
- #4
Baranej
2021-02-26 20:03:50
- #5
Not good. Actually, I still have time until May/June. I have to hit up the financer on the weekend to see what he can offer.
Same for me. It would now be a trade-off between possibly 2-3 months of commitment interest (not that high, since then at most only the last few payments would be missing) vs. possibly higher interest rates. Every 0.1% will probably exceed the commitment interest in total.
Unfortunately, it's all crystal ball stuff as long as no reliable figures are available.
Current offer for us is about 0.55% (+0.65% or so for the KFW153 component). Sign or no hurry?
Start around August with a contractual construction period of maximum 10 months (experience from acquaintances all finished faster).
Zaba12
2021-02-26 20:09:26
- #6
I also thought about whether I was entering too high or too low or whatever interest rate when I closed the deal 3 years ago. Watched, waited, and cursed for weeks.
Now, with a bit of distance, it’s nonsense to care about the interest rate you enter at. You close the deal when you need the loan and optimize with special repayments. Besides, it makes much more sense to think about how to structure the loans than to look for where you can save 0.12% interest.
While others wonder why they took a building savings contract and hardly paid off anything or mostly paid interest, I can think about what to do with the free budget that arises from the paid-off kfw153 loan (in 3 years).
What I mean to say is, don’t obsess so much about interest rates, but consider the other levers.
Now, with a bit of distance, it’s nonsense to care about the interest rate you enter at. You close the deal when you need the loan and optimize with special repayments. Besides, it makes much more sense to think about how to structure the loans than to look for where you can save 0.12% interest.
While others wonder why they took a building savings contract and hardly paid off anything or mostly paid interest, I can think about what to do with the free budget that arises from the paid-off kfw153 loan (in 3 years).
What I mean to say is, don’t obsess so much about interest rates, but consider the other levers.