Mortgage rates will remain high for at least another year
'That means that borrowing for a house will only get more expensive in the coming period. The advantage, however, is that saving will again yield more money,' President Klaas Knot of De Nederlandsche Bank (DNB) told news agency ANP.
What do you notice about these higher interest rates?
For first-time buyers on the housing market, this makes it even harder to buy a house. Mortgage interest rates keep rising. At the end of 2021, interest rates averaged 1.5 per cent and at the beginning of the year they were already 4 per cent.
Are you a saver? Then you're in luck. You actually get more return on your savings with this higher interest rate.
For investors, this higher interest rate is also bad news. For companies, higher interest rates mean they have to pay more money on borrowed money to invest. As a result, companies' profits are lower. Lower profits mean lower dividends for investors.
Yet, there are possibilities: also for you!
Contact us and we will discuss your personal situation. There are bound to be possibilities that make it possible for you to take out a mortgage. We often notice that customers think it is impossible for them. Until they come to us. Our experienced mortgage advisors will be happy to help you buy that dream home! Often, more is possible than you first think!