The interest rate hikes by the ECB also have an effect on interest rates for mortgage lending.
(Photo: dpa)
Cologne The long years of the low interest rate policy of the European Central Bank (ECB) and many other central banks are over. On Thursday, the ECB raised the key interest rate by a further 0.5 percentage points to 3.0 percent.
This not only affects those who want to take out a real estate loan today, but also owners who are nearing the end of their first fixed interest rate. It is difficult to estimate how the currently rising interest rates will develop in the coming months and years. The trend is upwards, at least in the short term.
If you want to protect yourself from further increases in interest rates, you can secure a forward loan up to 60 months before the current real estate financing expires. The FMH-Finanzberatung created an exclusive ranking for the best offers for the Handelsblatt.
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