German Mortgage Rates Hit Highest Level Since 2009
5 Articles
5 Articles
Mortgage rates in Germany have risen to their highest level since 2009, according to data from mortgage broker Interhip, cited by DPA. The average interest rate on 10-year fixed-term home loans reached around 4.5%, up from 3.9% in May. The new level is above the previous peak of around 4.4%, recorded at the end of 2023. This means that mortgage costs are once again at levels not seen since the financial crisis. The data are for average market co…
According to the Interhyp comparison portal, construction interest rates have climbed to the highest level since the financial crisis. This is true not only for home buyers, but also for the construction industry.
In the fight against inflation, the European Central Bank recently continued to increase interest rates, which is also reflected in the average interest rate on real estate loans.
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