Coronavirus expected to push mortgage rates slightly higher
4 years, 9 months ago

Coronavirus expected to push mortgage rates slightly higher

NL Times  

For the first time in a long time, the mortgage interest rates in the Netherlands are expected to rise instead of fall - due to the economic uncertainty the coronavirus is causing, according to ABN Amro. The bank previously forecast that interest rates would fall further, even though the mortgage interest rate was already historically low. Central banks are willing to provide cheap money to banks on a large scale and keep bond yields low through buying programs, but borrowing money will likely still become more expensive. "It is therefore plausible that the mortgage interest rate will rise slightly rather than fall, as we previously expected.

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History of this topic

Mortgage interest rates to continue steady downward trend, mortgage advisor says
1 month ago

Mortgage interest rates to continue steady downward trend, mortgage advisor says

NL Times  

The interest on a 10-year mortgage with National Mortgage Guarantee has dropped a full percentage point since it peaked in October 2023, De Hypotheker reported. The mortgage advisor expects the slow, but steady decline in mortgage interest rates to continue. Currently, the average mortgage interest rate for loans with a 10-year term and National Mortgage Guarantee is 3.55 percent - …

People are borrowing more to buy a house as prices rise
1 month, 3 weeks ago

People are borrowing more to buy a house as prices rise

Dutch News  

Rising house prices and a drop in mortgage interest rates have boosted the average new mortgage in the Netherlands to €346,572, according to mortgage advisory group De Hypotheker. Since then interest rates have gone down slightly and the amount people can borrow, based on the value of the property, has risen. Last week, family spending institute Nibud said with wages …

Average long-term US mortgage rate falls again, easing to lowest level since early April
6 months, 2 weeks ago

Average long-term US mortgage rate falls again, easing to lowest level since early April

Associated Press  

LOS ANGELES — Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. “Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. Federal Reserve officials said …

Boost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May
11 months, 3 weeks ago

Boost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers facing rising home prices and intense competition for relatively few properties on the market. The average rate on a 30-year mortgage dropped to 6.6% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. The decline, which …

Mortgage interest rates fall for ten weeks in a row
1 year ago

Mortgage interest rates fall for ten weeks in a row

NL Times  

Fixed mortgage interest rates have fallen for ten weeks in a row since the end of October. The speed of the current decline says quite a bit about the level of competition in the mortgage market, especially compared to, for example, savings account interest rates, said De Hypotheekshop. According to De Hypotheekshop, whether the decline will continue in the coming …

Falling mortgage rates lend a helping hand to home buyers
1 year ago

Falling mortgage rates lend a helping hand to home buyers

LA Times  

Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The most recent decline comes after the Federal Reserve signaled last week it may be done raising its benchmark interest rate, which helps set a floor on all types of borrowing costs, including mortgage rates. When mortgage rates first surged in …

Reserve Bank unlikely to lift rates in October despite inflation uptick as more households brace for mortgage cliff
1 year, 3 months ago

Reserve Bank unlikely to lift rates in October despite inflation uptick as more households brace for mortgage cliff

ABC  

A "slight uptick" in inflation is unlikely to see the Reserve Bank lift rates at its October meeting, but more than half a million households facing the looming fixed-rate mortgage cliff are being warned to brace for higher repayments. Key points: An increase in August inflation data is unlikely to see the RBA lift rates next week but it could …

More signs that Dutch housing market is recovering: Mortgage adviser
1 year, 9 months ago

More signs that Dutch housing market is recovering: Mortgage adviser

NL Times  

The Dutch housing market is showing more signs of recovering, De Hypotheker reported. The number of mortgage applications to purchase a home increased by 10 percent in the first quarter of 2023 compared to the previous quarter, Het Financieele Dagblad reports. The sharp decrease is mainly due to a huge fall in the number of mortgage applications for refinancing, -92 …

Interest rates are set to keep rising in 2023 but the RBA is playing with fire
1 year, 11 months ago

Interest rates are set to keep rising in 2023 but the RBA is playing with fire

ABC  

Late last November, Reserve Bank governor Philip Lowe was forced into a humiliating public apology. If the official rate hit 3.6 per cent, it found that just over half of all homeowners on variable mortgage rates would see a more than 20 per cent reduction in spare cash flow. That would be chaotic and you can bet your life the …

Dutch housing prices will fall 10 percent over two years, says ABN Amro
1 year, 11 months ago

Dutch housing prices will fall 10 percent over two years, says ABN Amro

NL Times  

Home prices in the Netherlands will fall 10 percent in the coming two years, 6 percent in 2023, and 4 percent in 2024, ABN Amro expects. This is because mortgage interest rates have risen sharply while disposable income is under pressure from inflation,” ABN Amro economist Philip Bokeloh said. The higher mortgage interest rates mean people can borrow less on …

Housing prices to fall 8% in EU with “years of declining” prices in Netherlands
1 year, 11 months ago

Housing prices to fall 8% in EU with “years of declining” prices in Netherlands

NL Times  

Home prices in the Eurozone will fall in the next two years, and the Netherlands and Germany will be hit hardest with a fall of around -8 percent by the end of 2024, according to credit insurer Allianz Trade. “After ten years, this is now coming to an end, and we are heading for years of decline.” In Sweden, home …

Dutch home prices to drop 3% next year; Still unaffordable to many: Rabobank
2 years ago

Dutch home prices to drop 3% next year; Still unaffordable to many: Rabobank

NL Times  

Home prices will fall by 3 percent next year, and by another 1.5 percent in 2024, Rabobank expects. But the falling house prices will not automatically lead to more sales, partly due to the rise in the mortgage interest rates. “In the meantime, even two average annual incomes are insufficient to buy an average-priced home,” said De Groot. “We think …

Mortgage approvals fall to lowest level since Covid hit
2 years, 1 month ago

Mortgage approvals fall to lowest level since Covid hit

The Telegraph  

The mortgage market chaos following Liz Truss's mini-Budget pushed down approvals for home loans to their lowest level in more than two years in October. The figures cover the period immediately after Kwasi Kwarteng delivered the mini-Budget when lenders withdrew hundreds of mortgage products and rates were pushed up in response to expectations for aggressive Bank of England action. Forecasters …

Dutch housing prices could fall 3% next year, 2% in 2024, says Rabobank
2 years, 2 months ago

Dutch housing prices could fall 3% next year, 2% in 2024, says Rabobank

NL Times  

The increasing mortgage interest rates will cool down the Netherlands’ housing market fast, economists at Rabobank expect. “By the end of 2024, home prices are expected to be 7.4 percent lower than today, roughly at the level of the last quarter of 2021,” Rabobank said. If central banks increase the capital interest rates by another 1 percent, house prices will …

Mortgage interest rates near highest point in eight years
2 years, 3 months ago

Mortgage interest rates near highest point in eight years

NL Times  

Mortgage interest rates in the Netherlands are currently at their highest point since the beginning of 2014. The mortgage adviser blamed the rate hikes on interest rate increases by central banks like the European Central Bank and the American Fed, as well as the sabotage of the Nord Stream pipelines last week. For comparison, the mortgage interest rate was historically …

Mortgage rates quickly rise to 4 percent after summer dip
2 years, 3 months ago

Mortgage rates quickly rise to 4 percent after summer dip

NL Times  

After a brief summer period where mortgage interest rates declined the average rate was back on the rise in the Netherlands. “Since July, interest rates on the capital market have risen by about 0.90 percentage points, which obviously has consequences for mortgage rates,” the organization wrote. Mortgage rates have jumped up by an average of 0.05 percent or more on …

Mortgage interests stabilizing; Decrease possible
2 years, 5 months ago

Mortgage interests stabilizing; Decrease possible

NL Times  

After months of rising, mortgage rates appear to be stabilizing. According to Oscar Noorlag of Van Bruggen Adviesgroep, the mortgage interest rate stabilized because the capital market interest rate fell sharply in the past two months. In theory, the mortgage interest rate could be 1 percent lower than it is now.” He thinks money lenders like the lower capital market …

APRA warned Albanese government about 'heightened' housing risks as interest rates rise
2 years, 5 months ago

APRA warned Albanese government about 'heightened' housing risks as interest rates rise

ABC  

The banking regulator warned the incoming Albanese government that it would face "heightened" risks in the housing market as interest rates rise. Key points: The banking, insurance and superannuation regulator prepared an incoming-government brief in May The document warned the Albanese government that housing market risks were "heightened" due to rising rates APRA said banks were well placed to weather …

As fixed mortgages end and rates rise, many risk losing their homes
2 years, 6 months ago

As fixed mortgages end and rates rise, many risk losing their homes

ABC  

Sarah Ibrahim is worried about what will happen when her fixed rate ends in January. As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default. "We're already seeing banks ramping up their action to enforce mortgage debts and repossess homes already against the background …

Mortgage lenders raising interest rates massively, advisor says
2 years, 6 months ago

Mortgage lenders raising interest rates massively, advisor says

NL Times  

Lending companies have increased their mortgage rates substantially due to the turmoil in the financial markets. Due to the rise in interest rates on the capital market, lenders are forced to avoid taking a loss by passing on higher borrowing costs in their mortgage interest rates. Since the record low of 1.42 percent in September 2021, the mortgage interest rate …

Dutch home prices still climbing, but slowing down
2 years, 7 months ago

Dutch home prices still climbing, but slowing down

NL Times  

House prices in the Netherland rose sharply again in April. But the pace at which home prices are increasing is lower than at the beginning of this year, according to new figures from Statistics Netherlands. "The lowest mortgage interest rates have risen about three times since the beginning of the year," said financial expert Amanda Bulthuis of comparison site Geld.nl. …

Mortgage interest rates rising fast; Back at 2017 levels
2 years, 8 months ago

Mortgage interest rates rising fast; Back at 2017 levels

NL Times  

The mortgage rates are rising fast. In just over two months, the average interest rate for financing a house increased back to the level of five years ago. The average interest rate is now just under 3 percent, compared to around 1.5 percent last year. According to the mortgage advisor, the rapid increase is due to fast-rising interest rates on …

Mortgage interest rates doubled in past months
2 years, 9 months ago

Mortgage interest rates doubled in past months

NL Times  

Due to inflation driving market interest rates higher, mortgage interest on multiple popular rates increased sharply since October last year, Van Bruggen Adviesgroep said on Monday. For example, the fixed interest rate for ten years with National Mortgage Guarantee doubled, and the fixed rate for 20 years with NHG increased from 1.33 percent to 2.36 percent, NU.nl reports. The higher …

Mortgage interest rates rise again, but will this impact house prices?
2 years, 10 months ago

Mortgage interest rates rise again, but will this impact house prices?

Dutch News  

Mortgage interest rates in the Netherlands are rising, and have gone up 0.45 of a percentage point to 1.85% for a 20-year fixed rate mortgage, the Financieele Dagblad reported on Tuesday. The sharp increase takes mortgage rates to their highest level since August 2019, and it is, according to experts, unclear when the increase will slow down again. The low …

Mortgage interest rates rise again, but will this impact house prices?
2 years, 10 months ago

Mortgage interest rates rise again, but will this impact house prices?

Dutch News  

Mortgage interest rates in the Netherlands are rising, and have gone up 0.45 of a percentage point to 1.85% for a 20-year fixed rate mortgage, the Financieele Dagblad reported on Tuesday. The sharp increase takes mortgage rates to their highest level since August 2019, and it is, according to experts, unclear when the increase will slow down again. The low …

Long-term mortgage rates continue rise; 30-year breaks 3.5%
2 years, 11 months ago

Long-term mortgage rates continue rise; 30-year breaks 3.5%

Associated Press  

WASHINGTON — Average long-term U.S. mortgage rates continued to rise this week. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan rose to 3.56% from 3.45% last week. Mortgage rates have been expected to rise this year after the Federal Reserve announced last month that it would begin dialing back its monthly bond purchases — …

US average long-term mortgage rates jump; 30-year now 3.45%
2 years, 11 months ago

US average long-term mortgage rates jump; 30-year now 3.45%

Associated Press  

— Average long-term U.S. mortgage rates jumped again this past week, reaching their highest level since March 2020, just as the coronavirus pandemic was breaking in the U.S. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year home loan rose to 3.45% this week from 3.22% last week. “The rise in mortgage rates so far …

Will interest rates start rising with inflation and sink house prices and indebted home owners?
3 years, 2 months ago

Will interest rates start rising with inflation and sink house prices and indebted home owners?

ABC  

There are warnings the cost of borrowing and rents are on the march up, and much faster than many experts had been forecasting. Key points: Interest rates on longer-term fixed mortgages are rising, while variable rates fall Analysts warn that while variable rates are cheap now they may rise sooner than expected Deposit rates continue to touch record lows Melbourne-based …

House buying heats up during the coronavirus pandemic
3 years, 9 months ago

House buying heats up during the coronavirus pandemic

Dutch News  

If there’s one lesson from the past year of the pandemic, it’s how important it is to have a good home. ‘The market is really heated at the moment,’ says ABN Amro mortgage adviser Michael Smits. A buying agent can guard your interests in making sure that even if you are in a rush to buy, you have a clause …

House buying heats up during the coronavirus pandemic
3 years, 9 months ago

House buying heats up during the coronavirus pandemic

Dutch News  

If there’s one lesson from the past year of the pandemic, it’s how important it is to have a good home. ‘The market is really heated at the moment,’ says ABN Amro mortgage adviser Michael Smits. A buying agent can guard your interests in making sure that even if you are in a rush to buy, you have a clause …

Persistent pandemic will delay economic recovery: Dutch Central Bank
3 years, 9 months ago

Persistent pandemic will delay economic recovery: Dutch Central Bank

NL Times  

The economy will recover more slowly than Dutch central bank DNB expected due to an extended and stricter lockdown. “Despite all good intentions, the Netherlands is not the best student in the European class when it comes to sustainability lessons.” Low-interest rates impact general public Another prediction that the DNB has for the future is that interest rates on savings …

US long-term mortgage rates flat; 30-year stays at 2.73%
3 years, 10 months ago

US long-term mortgage rates flat; 30-year stays at 2.73%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. long-term mortgage rates were …

Mortgage interest rates at record low in Netherlands
4 years ago

Mortgage interest rates at record low in Netherlands

NL Times  

The mortgage interest rates in the Netherlands dropped to a record low over the past year. Those who took out a 20 year mortgage with National Mortgage Guarantee on January 1 did so at an interest rate of 1.23 percent, compared to 1.48 percent a year earlier, according to figures from comparison site Rente.nl, RTL Nieuws reports. A low mortgage …

A year like no other: (Coronavirus free) list of top stories in 2020
4 years ago

A year like no other: (Coronavirus free) list of top stories in 2020

NL Times  

2020 was a year unlike any other. Unprecedented low mortgage interest rates The interest rate for a ten-year mortgage with national mortgage guarantee NHG fell below 1 percent for the first time in February. Single client causes a 183-million-euro loss for ABN Amro Dutch bank ABN Amro took a 183-million-euro blow to its profits after a single US client failed …

US mortgage rates fall to new lows; 30-year loan at 2.72%
4 years, 1 month ago

US mortgage rates fall to new lows; 30-year loan at 2.72%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy U.S. long-term mortgage rates fell …

Covid crisis to stabilize, not decrease Dutch housing prices: ABN Amro
4 years, 3 months ago

Covid crisis to stabilize, not decrease Dutch housing prices: ABN Amro

NL Times  

Instead of decreasing home prices in the Netherlands, the coronavirus crisis will instead stabilize them, according to ABN Amro economist Philip Bokeloh. Earlier this year, the bank expected the crisis to result in a 2 percent drop in home prices next year, now it expects prices to remain stable. According to Bokeloh, a big reason for the housing market to …

The Government wants to make it easier for you to get a mortgage amid the coronavirus recession — but there's a catch
4 years, 3 months ago

The Government wants to make it easier for you to get a mortgage amid the coronavirus recession — but there's a catch

ABC  

It will soon be easier for Australians to take out mortgages and refinance their home loans while small businesses will be able to access more money under Federal Government plans to change credit laws, to mitigate the effects of the COVID-19 pandemic. Key points: The Government says the current credit laws are outdated, particularly during the COVID-19 crisis The Government …

Banks hesitant to give mortgages to people working in Covid affected sectors
4 years, 5 months ago

Banks hesitant to give mortgages to people working in Covid affected sectors

NL Times  

Prospective homeowners who work in one of the sectors hit hard by the coronavirus crisis, may find it even more difficult to get a mortgage. All lenders now use an extra coronavirus questionnaire that mortgage applicants have to complete, and ING and ABN Amro even require employers to sign a statement saying they don't intend to fire the applicant, RTL …

Mortgage rate fall below 3% for first time ever
4 years, 5 months ago

Mortgage rate fall below 3% for first time ever

CNN  

CNN — Mortgage rates fell below 3% for the first time ever as the economy continues to struggle from the effects of the coronavirus pandemic. The average rate for a 30-year-fixed mortgage dropped below last week’s record low of 3.03% and marks the seventh new low since March. “On the upside, signs of progress toward a coronavirus vaccine give hope …

Safety is the key as interest rates continue to fall
4 years, 6 months ago

Safety is the key as interest rates continue to fall

Live Mint  

Yields enjoyed by fixed income securities’ investors are headed lower. Vanilla economic theory suggests that lower interest rates spur growth as producers get funds at lower cost, which aids the production of cheaper goods. Falling interest rates simply means that the segment of the population dependent on passive, fixed income—often senior citizens, will fall short of their required returns. At …

Mortgage refinancing surges as interest rates dive, but can you get a home loan during coronavirus?
4 years, 6 months ago

Mortgage refinancing surges as interest rates dive, but can you get a home loan during coronavirus?

ABC  

Swa Rath is smiling all the way to the bank. Key points: The value of loans being refinanced in April was more than 50pc higher than a year earlier Some borrowers are saving thousands of dollars a year in reduced repayments But not all borrowers are able to get a new loan as falling house prices and rising unemployment make …

Dutch Central Bank warns of harsh recession, high unemployment
4 years, 7 months ago

Dutch Central Bank warns of harsh recession, high unemployment

NL Times  

The effects of the coronavirus pandemic on the Dutch economy will be felt for years yet to come, according to the new estimate by Dutch central bank DNB. This year the Dutch economy swill shrink by 6.4 percent, almost twice as hard as during the credit crisis of 2009. Public finances will show a major turnaround, going from a comfortable …

Coronavirus recession leaves 1.4m Australians in mortgage stress, almost 100,000 could default after JobKeeper ends
4 years, 7 months ago

Coronavirus recession leaves 1.4m Australians in mortgage stress, almost 100,000 could default after JobKeeper ends

ABC  

Mortgage stress levels among Australians have continued to soar amid the global outbreak of COVID-19, with data showing more than 1.4 million Australian households are now in mortgage stress and almost 100,000 could soon default on their loans. Key points: Young families and first-time buyers are among those most exposed to defaulting on their home loans There are fears the …

Sharp increase in mortgages closed in 1st quarter
4 years, 7 months ago

Sharp increase in mortgages closed in 1st quarter

NL Times  

The number of mortgages closed in the first quarter of 2020 grew by 22.8 percent compared to the same quarter last year. The average mortgage value also increased, management consultancy firm IG&H said on Wednesday. The average mortgage value in the Netherlands was 337 thousand euros in the first quarter, an increase of 2.8 percent compared to the quarter before. …

Coronavirus to decrease home prices in NL: ABN Amro
4 years, 9 months ago

Coronavirus to decrease home prices in NL: ABN Amro

NL Times  

After years of skyrocketing prices and ever increasing home sales, the coronavirus and measures to curb it will be a blow to the Dutch housing market. A combination of side effects from measures to flatten the Covid-19 infection curve will result in far fewer home sales this year, and home prices falling next year, ABN Amro said in a report …

Coronavirus will almost certainly put Dutch economy in recession: Planning Office
4 years, 9 months ago

Coronavirus will almost certainly put Dutch economy in recession: Planning Office

NL Times  

The outbreak of the coronavirus will almost certainly result in a recession for the Dutch economy, according to Pieter Hasekamp, director of central planning office CPB. "We are still calculating, but a recession is almost inevitable," he said in an interview with the Telegraaf. In early March the CPB forecast said that the Dutch economy will grow 1.4 percent this …

Coronavirus could cause recession in Netherlands, central bank director says
4 years, 9 months ago

Coronavirus could cause recession in Netherlands, central bank director says

NL Times  

Klaas Knot, director of Dutch central bank DNB, does not rule out the possibility that the coronavirus pandemic will bring the Dutch economy into a recession. "You don't need a very serious corona scenario, on top of what we expect now, for our economy to also come close to a recession," he said to Nieuwsuur after a meeting at the …

Mortgage Rates Are Near All-Time Lows As Coronavirus Worries Hit Markets
4 years, 10 months ago

Mortgage Rates Are Near All-Time Lows As Coronavirus Worries Hit Markets

NPR  

Mortgage Rates Are Near All-Time Lows As Coronavirus Worries Hit Markets Enlarge this image toggle caption Steve Dipaola/Reuters Steve Dipaola/Reuters A dramatic drop in mortgage rates may give prospective homebuyers a chance to afford the house they've been eyeing — or may lower monthly payments for homeowners who refinance. But there's a silver lining in this market mayhem for homeowners …

Mortgages are getting cheaper, so is now the time to buy a home?
5 years, 3 months ago

Mortgages are getting cheaper, so is now the time to buy a home?

Dutch News  

Anyone who follows developments on the housing market cannot have failed to notice that mortgage interest rates are still going down. Falling interest rates means the cost of your mortgage will go down, or, perhaps you can borrow more to finance your dream home. And if you already are a home owner, it may be worth looking for a cheaper …

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