Own home: interest rate development / interest rate / interest rate increase / conditions

And here comes the next increase Ing-Diba now at 2.17% 70% over 15 years. We are fixing ours now... hopefully still at 1.9%. I don’t like it at all.. everything is happening so fast now. We wanted to take a little more time to reach 60%.

No one knows what will come. The current status quo is pure speculation. Renowned banks predict an interest rate drop of the 10-year government bonds by up to 50%, which will have a correspondingly positive effect on construction financing. My very personal opinion is that interest rates cannot rise in the long term, otherwise one Mediterranean country after another would go bust. Sometimes in life, you just have to keep your nerves together - even if it is very difficult. I am currently more inclined to shorten the interest rate fixation. The Mediterranean countries will not recover within 5 years.

Hmm..well we have a loan of 200,000 for only 5 years (1.00% interest) and 300,000 will be added which I want to fix for 15 years. So there is some flexibility left..

At the moment, I tend to shorten the fixed interest period. The Mediterranean countries will not recover within 5 years.

Ultimately, it's a gamble. You calculate how much money you save with a shorter fixed interest period (interest rate) and then compare the possible higher payments in x years. We pay 20,000 euros more in 10 years, but we have 20 years of peace and don't have to speculate. However, I also believe that interest rates will not rise.

If I follow this, I am really relieved that we signed a few weeks ago and got 1.84% for 30 years on our "Sorglos" loan... I am really curious to see how this develops further, but that is all speculation.

Is there a recommended website where one can track the current interest rate trend?

Yes, I'll send you the PM.

Regards