Dusseldorf It is an extreme increase in a short time: At the end of last week, the building interest for loans with a 10-year fixed interest rate rose to four percent, according to FMH Finanzberatung. This is the highest level since 2011 and a fourfold increase since the beginning of the year. Interest rates have risen by more than 0.6 percentage points since mid-September alone. In mid-August, the interest rate was back at 2.68 percent after a sharp rise in the spring.
Mirjam Mohr, board member responsible for private customer business at Interhyp, does not see the end of the increase yet: “It is unlikely that interest rates will fall noticeably again in the near future.” Government bonds will probably not change in the coming weeks and months. “We therefore expect interest rates to continue to rise moderately,” says Mohr.
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