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

2015-06-19 07:01:28

I had somehow almost suspected that...

2015-06-24 18:38:02

So, now back to the topic:

I called the bank today, the offer from June 1st at 1.99% for 20 years has been corrected to 2.49%

Today it is already 2.65%, the same offer at the same bank has increased by 0.66% within 24 days.
Even though that is over 50,000€ difference over 20 years, we are pleased with the low interest rates

2015-06-25 19:45:20

KFW 153 for a KfW70 house has now also increased from 0.85% to 1.00%....

2015-06-25 20:32:00

KfW70 was already increased to 1% p.a. on June 16.

2015-06-28 21:12:50

After 5 years, you have to renegotiate. On the one hand, your loan-to-value ratio might not have dropped as much as you expect. But more importantly: you don’t know where interest rates will be in 5 years. If you’re lucky, they will be at the same low level as when you started. Then the lower loan-to-value ratio might give you an interest advantage that you can then use for higher repayments. But if they have risen by then, the interest advantage from the lower loan-to-value ratio will be eaten up by the higher base rate – you might even have to pay more.

Above all, the loan-to-value ratio can even have increased if the bank (for whatever reasons) values the house lower after five years than it does today.

2015-06-30 14:57:04

The interest rate now seems to have stabilized...

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

xray107

Häusle77

Häusle77

Bieber0815

nathi

Häusle77