Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
mortgage application form
applications for mortgages rose in December - Credit: BrianAJackson / Depositphotos - License: DepositPhotos
Business
mortgage
mortgage interest
Van Bruggen Advisory Group
Monday, March 28, 2022 - 17:20
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Mortgage interest rates doubled in past months

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 (NHG) doubled, and the fixed rate for 20 years with NHG increased from 1.33 percent to 2.36 percent, NU.nl reports. 

Market interest rates are the interest rates charged on the capital market, for example, when banks lend money to other banks. The banks pass on the extra interest they have to pay on to customers in their own products, like mortgages for home buyers. 

The higher interest rates are especially annoying for first-time buyers because, in addition to higher costs, they also mean you can borrow less, Van Bruggen Adviesgroep said. Where people moving from one owner-occupied home to another can take advantage of the equity of their current home, first-time buyers don't have that option. Although the consultancy firm added that the decrease is only a few thousand euros compared to October. 

First-time mortgage lenders also tend to get a higher interest rate than if they're taking out a second or third mortgage, Van Bruggen Adviesgroep said.

Follow us:

Latest stories

  • Boxtel cop fines unlicensed driver, aged 18 months
  • Death threats against Rotterdam mayor on Feyenoord banners
  • Dutch police lacks long-term vision: Inspectorate
  • Ajax to get €24.5 mil. for Ryan Gravenberch's transfer to Bayern Munich
  • Three hurt, including one child, in theme park ride accident
  • Labour leader supports merger with GroenLinks in Senate

Top stories

  • Three hurt, including one child, in theme park ride accident
  • More female managers, but wage gap remains
  • Only male aldlermen in 46 Dutch municipalities
  • More reformed schools denouncing homosexuality despite uproar
  • Defense refused to help manage crowds at Schiphol, CEO says
  • KLM stops ticket sales on Amsterdam flights; Schiphol unveils crowd management plan

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content