Low mortgage interest rate breaks record

The low mortgage interest rate has once again broken a record. The popular 10-year fixed-rate mortgage with NHG has never been so cheap.

Average mortgage interest for 10 years

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The average 10-year mortgage interest rate with National Mortgage Guarantee is cheaper than ever. You now pay an average of 2.37% for the most chosen mortgage in the Netherlands. This is apparent from a calculation from the Financiële Dagblad (login). On average, that means that there are cheaper providers, but also more expensive ones.

Downward trend

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The mortgage interest rate is falling across the board and is almost back to the level of May 2015. The mortgage interest rate suddenly rose that month after the market interest rates had also risen. There was, however, no question of a definitive change in trend. Mortgage interest rates started to fall again in June .

Borrow cheap, save expensive

Borrow cheap, save expensive

The reason for the low mortgage interest lies largely in the crisis measures of the European Central Bank (ECB) . In an attempt to combat low inflation, borrowing (mortgage and consumer credit) is made cheap and saves expensive. Investors speculate on low growth and also demand low interest rates. This results in the low market interest rates at the moment.

Competition increased

Banks can now get money to lend cheaply, including for mortgages. In addition, competition on the mortgage market has increased. The major banks are feeling the pressure from the price fighters and pension funds, which has caused the fall in interest rates to accelerate.

Mortgage interest forecast

Mortgage interest forecast

Every month we provide a forecast about the development of the mortgage interest. In October, too, we expect mortgage rates to remain at the current low levels and possibly fall further . Among other things, we see that policy makers are worried about the global economy, which may indicate additional incentive measures. This puts further pressure on market interest rates.

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