Secure the construction interest rate for 1 year in advance?

Hello everyone,
our construction project will definitely start next April.
Currently, the construction interest rate is still very low. Therefore, I would like to secure this interest rate in advance. The rates cannot fall any further. They will either stay the same or rise.
Therefore, I would like to know if banks are willing to fix the construction interest rate?

Hello everyone,
Interest rates cannot fall any further.

Says who?

lastdrop

Historically, we have been at THE lowest point for some time now. It goes up or down a little now and then, but if you are honest with yourself, a tenth more or less is just whining at a high level. Most buyers/home builders can only afford the property because of the low interest rates (ten years ago, interest rates were twice as high, in the mid-nineties at 7 % for ten years). Maybe you are annoyed if you close now BUT it is definitely a historically low interest rate.

It depends on how many months in advance you get the loan "on hold." I know providers who, for example, charge 0.03% per month.

For you until April = about 10 months. So 0.03 * 10 = 0.30% interest surcharge. I would wait for that. Because the 0.3 would have to go up first. Although interest rates are currently rising slightly, they do not dare to go above certain support levels. And as long as that does not happen, one should wait.

I have been recording some interest rate values for about 10 months and have run an analysis on the values. Since we also only need our money next year. So far, it has worked very reliably. However, in some areas, interest rates have been very market-driven for a few weeks now and are therefore even harder to assess.

@emer: how high are the "certain support values" and who or where are they defined?

The "supporting values" are formed by the interest rate development itself. Sustained by the low key interest rate of the ECB, the Euribor, and the yield on government bonds.

There have been ups and downs in mortgage rates repeatedly over the past 12 months. Often more pronounced when there were relevant political changes. However, the changes in interest rates have always taken place within a "channel," which so far does not dare to break certain peak values - at least for now. The interest rate touches these values, stays there, and then falls again.

Currently, it has been rising again for about 4 / 5 weeks. It is quite high in some places right now, hitting a few spikes, but all in all nothing worrying.

I assume that - especially since ECB boss D. is currently doing everything possible to bring about a recovery in the battered countries - the interest rate will fall again starting next month. A lame comparison: I inject a substance into my right upper arm for muscle growth, but I cannot expect only this muscle to get stronger. Most likely, muscles will grow throughout the body.
So if Draghi does something to lower the interest rate, of course, this will have an effect not only in the crisis countries but also in others.

The big unknown is and remains politics. But a predictable market would be far too easy.

We will need money next year and I will probably take the dip after the next fall. Reflected on my experience, that should be within the next six months.

But these are all my guesses / experiences. The market always has surprises in store. And in the future, this will also affect the German bond, the developments of the Fed, and the currently very disturbed Chinese economic market. There are elections in September too...

Let's see what will happen.

(I assume no responsibility if someone wants to follow my statements and ends up having bad luck. I do this for myself because I try to pick a good time. I have no guarantee for that. The stock market is a gamble. :))