Various mortgage providers have raised the interest rate on the mortgage in recent weeks. Both the rates for fixed-rate periods and some variable rates have been adjusted upwards. In addition, the interest rate will also be increased on 1 July.
Most large Dutch banks have raised the mortgage interest rate
These include ABC, National Bank, BCA ANN and FORR. The banks say they respond to developments in the money and capital market. Nevertheless, interest rates are still historically low due to, among other things, fierce competition between banks on the mortgage market.
People with a fixed mortgage interest do not notice the interest rate increases. But homeowners with variable interest rates can expect higher monthly charges. Starters in the housing market are also more expensive.
Test interest rate up
As of 1 July, the benchmark interest rate will also be increased from 4.9 to 5.3 percent. With this interest, mortgage lenders calculate the maximum mortgage of customers. This increase reduces the borrowing capacity of people who want to take out a mortgage by about 2.5 percent.
Overview of interest rate increases:
- BCA ANN increased the mortgage rates of the short-term interest rates (up to 7 years) by 0.1 percent from 11 June. The interest period of 3 years remains unchanged. For longer interest periods, the bank raised the interest rate by 0.2 percent. The variable interest rate rises by 0.1 percent.
- National Bank has increased the rate of all fixed-rate periods by 0.1 percent.
- FORR raised the mortgage interest rate by 0.1 to 0.3 percent on 11 June, depending on the interest period.
- ABC already raised mortgage rates at the end of May. The variable rates increased by 0.15 percent and the fixed interest rates by 0.1 percent.
- Since last year, Bank is no longer announcing interest rates for mortgages.