That’s what experts expect after the week of the central banks for building interest rates

Dusseldorf The reaction on the financial markets was clear. After the central bank decisions this week, which have not yet heralded a real trend reversal, the markets have been pulled down significantly. After several jumbo steps, the ECB had only increased interest rates by 0.5 percentage points, but held out the prospect of further increases.

Most mortgage lending experts take a somewhat more positive view of monetary policy: Mirjam Mohr, Interhyp board member for private customer business, says: “After the largely expected interest rate hike, mortgage interest rates are likely to move sideways in the next few weeks. In all likelihood, in 2023 they will not move up as much as in 2022.”

This year, construction interest had quadrupled at the top. In January they were still around one percent for a ten-year fixed interest rate, in October it was four percent. The reason for this was the high inflation rates and, as a reaction, the significant interest rate hikes by the central banks.