How does the rise in ECB interest rates

The Central Bank of Europe (ECB) has spoken again: they are raising interest rates in 2023 to 3%. But what impact does this have on families and mortgage loans? This is how the ECB’s interest rate hike affects mortgages and how you can improve yours. Housfy improves your mortgage and helps you save on your payment We negotiate with banks to offer you better conditions GET INFORME FOR FREE Mortgage market in 2023 Anyone looking for a mortgage in 2023 will find themselves in a very varie situation. Fixed mortgages are generally higher, with an APR that already exceeds 5% in many cases. If you are interested in ordering one, on the other hand. Given this situation, mixed mortgages come into the picture and are positioned as an interesting option for many.

ECB interest rates at 3% and demand decreases

It is the ECB’s fifth interest rate increase , and it will not be the last. Christine Lagarde, president of the institution, has confirmed that, at the next meeting on March 16, they will once again apply a 0.5% increase. Now, in her forecast for interest rates in 2023 , Lagarde maintains Philippines WhatsApp Number Data the need to extend these measures for the time necessary to ensure that inflation really goes down. But that has had direct consequences for European families: “Household indebtedness has continued to decline, reflecting the rise in loan interest rates, the tightening of granting criteria and a notable drop in demand for mortgages .” Christine Lagarde, president of the European Central Bank (ECB) In the coming weeks. Euribor in 2024: what is the forecast?

There are still good mortgage options

Despite increases in interest rates in 2023, it is still possible to get a mortgage with good conditions . In fact, there are alternatives for those people who have seen their fees increased. The most widespread options in 2023 are: Change mortgage through subrogation to another bank . Review and update Egypt WhatsApp Number List the conditions through a novation with your bank . In times like this, it is more important than ever to have the help of a market expert. To this end, a figure that is becoming popular is that of the mortgage broker , a professional in the sector who analyzes your situation and clarifies your doubts, thanks to his broad vision of the current mortgage market. At Housfy Mortgages , we have agreements with more than 15 banks in our country and we can help you improve your current mortgage or get a new one. Do not hesitate to contact us if you need more information.