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Mortgage rates are falling again. Several lenders have recently lowered their interest rates.
The weekly overview shows that a third of these lenders have reduced both the interest rates for short terms (fixed for five years) and for long terms (fixed for thirty years).
Average mortgage rates have already fallen slightly in the past period, although these are small steps. Interest rates for ten, twenty and thirty years themselves reached their lowest levels so far this year. The average interest rate for a term of ten years is currently at 3.76%, with offers starting at 3.55%.
This slight decline is expected to continue in the coming period. It highlights inflation in the euro zone, which reached 2.2% in August, compared to 2.6% in July. The fact that inflation is currently moving towards 2% is important news for the European Central Bank (ECB). This increases the chances that the ECB will make several rate cuts in the coming period. That's why the slightly declining trend in mortgage rates is expected to continue in the coming period.
Do you already have a low interest rate in your current mortgage whose term is not over yet? Then you can still take that part with you to your new home.
You've bought a new home and you want to take your current interest rate contract with you? Then the following applies:
- You can take the interest contract with you until the end date of the fixed interest period
- You can include the interest contract for a maximum of the amount of your current loan
- Your base rate remains the same, but depending on the amount of your new loan or type of home, you can get an increase on your interest rate or get a discount on your current surcharge if you have one.
Of course, you can use your excess value to invest in your new home.
1. Find the most favorable mortgage
As a starter, rising interest rates allow you to borrow less than a year ago, sometimes up to $25,000 less. Curious about your personal maximum mortgage? Request the free one on our website mortgage check on and we calculate the maximum mortgage for your personal situation. If you opt for a fixed interest period of 10 years instead of 20 years, you can borrow more and your monthly payments will remain lower. You should also consider taking out part of your mortgage amortization free, which can further reduce your monthly payments, although unfortunately this is not possible with an NHG mortgage.
2. Take advantage of Van Loon's options
Perhaps your parents or family members can help you with a loan via a family mortgage, or by giving you a donation. In addition, starter loans are available in around 200 municipalities, which allow you, as a starter, to take out an extra loan on top of your mortgage. These options can give you just that little bit of support to buy your first home.
At Van Loon, we're here to help you make the best choices, whether you're an experienced home owner or entering the housing market for the first time. Are you curious about your options and do you want to have your maximum mortgage calculated? Fill in your details and know what you can borrow!