Market interest rates are rising! Will the mortgage loans become more expensive?

According to an article in De Tijd, the recent rise in long-term interest rates has not yet translated into more expensive home loans. But will this remain the case? Below we summarize what De Tijd brought to this subject:

Long-term interest rates are currently rising due to the positive growth outlook for the second half of the year. More people will be vaccinated against the coronavirus and normal life will get back on track.

Banks base their determination of their fixed rate for home loans on the long-term interest rate. According to BNP, the market leader for mortgage loans, there is currently no influence of the rising market interest on home loans. There could be an impact if the increase in the market interest rate were to be permanent. However, this is not yet clear at the moment. Still, given the current climate, the central banks will do everything they can to support the economy and not let interest rates grow too much, according to experts.

Do you have to hurry now to take out a home loan?

According to expert Van Gompel, a certain increase in the rates for mortgage loans is possible if the long-term interest rate increases further. Still, this will not be very much. Borrowing in this low interest rate environment will therefore still remain cheap.