Evolution of mortgage rates Source
For many years, the overall evolution of mortgage rates has been on a downward trend. After a rapid rise in interest rates that triggered the financial and economic crisis of 2008, there has been an impressive decline in the market for bank rates and in particular for mortgage rates. From the high point of 2008 to more than 5.00%, the average real estate rate gradually decreases to be from mid-2016 to the end of 2018 at around 1.50% with a low point close to 1.30%. The policies of the ECB (Central European Banks) are important. It has taken extraordinary steps to restore the economy after the crisis. Any change in the trend of the European Central Bank will be closely watched to watch the next phase of rising property
rates. From May to October 2019, mortgage rates declined again
Attention, this is only the average interest rate excluding insurance and other bank charges related to a mortgage. The Total Effective Rate (TEG) must be taken into account to obtain a rate that is more representative of the full cost of financing. > Compare the rates of 100 banks! Depending on your borrower's file and your profile (type of job (civil servant, permanent or other), income, age, personal contribution, amount of capital to borrow, levels of monthly payments, etc.), banks will do more or less effort to have you as a customer. Those with the most attractive files get much lower rates as shown by our follow-up of the best current rate in 2019. Each month on Immobilier-danger.com we analyze the latest figures on mortgage rates, we compare rates broker-to-dealer means and we discuss the evolution and trend of borrowing rates over the next quarter or year. A real barometer of rates to better follow the news of this market. Find the last 2 published analyzes
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