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

Yes, the evil banks. As a saver, I found the last few years very counterproductive.

And the upward trend is enormous because the ECB is raising interest rates so sharply.

It is quite interesting how divergent some views are.

Eh, an interest rate increased by 0.20-0.40% makes you put your project on hold? Many others have financed at 3, 4, or 5% ...

At EUR 300,000, 0.3% is EUR 900 per year, with a 10-year fixed interest period, 9,000. Your idea fails because of that?

Crazy how some people think and how tightly it must apparently be sewn on the edge...

Hi everyone,

No, the idea is not failing because of that. There are some other factors, like the desired plot of land, which is not yet available, and plot B is only a last resort. Since we have not yet made a final decision on which developer to choose and we are really annoyed now that interest rates are rising, no one knows if the increase will stop at 0.3-0.4%... we will take our time and focus on other things again. No one is pressuring us and we don’t have to do it. Informing is always possible.
So I don’t know what is "hart auf Kante genäht" here, but I certainly don’t walk around with 300. T in my pocket... Then everything here would be set in stone.

Regards

The Ing-Diba has meanwhile increased by about 0.5%, for example. After all, about 15,000 € over 15 years and just 125 € per month to have or not have. And at some point that no longer has anything to do with a margin... for example, 200 € cushions per month then become only 75 €, which can make you start to think or start considering shorter fixed interest periods or lower repayments.

Yes, and? Interest rates are still historically low - what are all those people from 3 years ago supposed to say then? I find the statement that banks wouldn't be doing themselves any favors with this rather off - how crooked is that way of thinking? Apparently, they should just give the money away...