How to secure low interest rates

Frankfurt Interest rates are rising at a rate that even surprises experts. At the beginning of 2020, real estate buyers were still looking forward to mortgage interest rates well below one percent with a ten-year fixed interest rate. This is no longer the case. Interest rates are now at 2 percent.

This can become an expensive problem, especially for homeowners who have to tackle their follow-up financing in the coming years. As interest rates rise, so does the monthly burden. In some cases, however, the low interest rates can be secured in the long term.

So what needs to be considered now? What options are there for maintaining interest rates that are still cheap by historical standards? And where are the potential pitfalls hidden? The Handelsblatt summarizes the most important facts about mortgage financing that real estate buyers should know in view of the rising interest rates.

To see if there is potential for savings, property buyers should look at their financing documents. One date is particularly important: When was the loan paid out?