Where are the ECB's key interest rates heading?

  • Erstellt am 2023-05-10 12:59:13

fyaylmf

2024-01-06 00:10:13
  • #1
Got an offer of 2.93% for 10 years yesterday. 345K€. Commerzbank, will probably log in now.
 

Reinhard84.2

2024-01-06 09:18:12
  • #2
Does anyone have current offers for loans with variable interest rates, such as those where the interest rate is adjusted every three months according to current developments? The trend on biallo is still sharply downward...
 

jens.knoedel

2024-01-06 09:49:37
  • #3
We offer around 6.x %. On the front of very short-term interest rates, which are mostly based on the 3-M-Euribor – nothing is happening at the moment.
 

Reinhard84.2

2024-01-06 10:29:01
  • #4
Thank you, wow 6% is quite something, that's probably why hardly anyone does it around here.
 

jens.knoedel

2024-01-06 10:48:25
  • #5
The 3-month Euribor as the basis for the "variable" rate is already at 4%. And the bank also wants to make money, since you can repay the loan at any time. To bridge a certain period, i.e. as a pre-financing, the interest rate is not a real problem. Even 10% for half a year would still be bearable for the customer. P.S. That's exactly what the project developers/builders do - variable financing. From mid-2015 to the end of 2022, the Euribor was negative (sometimes so negative that we wrote negative loan interest for customers in the contract), so that every project was profitable and totally excessive prices were paid for land (from today's perspective). With the interest rate increase, interest costs have exploded to such an extent that from the perspective of builders it hardly pays off anymore (+ cost increases for materials + rising interest rates for end buyers and thus stagnating or falling prices). And suddenly you're insolvent ==> dream house and the like
 

Konsument4

2024-01-06 11:09:38
  • #6


How much equity do you have or what is the loan-to-value ratio if I may ask? That has a decisive influence on the offer.
 

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