(openPR ) - Hardly a day goes by currently more in the not at least one message to another interest rate rise of one of our partner banks in our house is received - however, the pace of rate hikes already breathtaking. The interest rate rose for 10-year fixed interest in just 2 months from an average of 4.70% to approx. 5.25%, an increase of more than half a percentage point, that is a whopping € 200,000 mortgage will cost 1,000 euros per year more than it was 2 months. In relation to the first fixed-rate period, thus resulting financing costs of (depending on repayment) around 7000-8500 €!
The Creativa financial agent GmbH can not escape this general trend, of course, for last-minute customer and manageable financing cases, that ideally the classic owner-occupied residential property of an employee with 20 percent equity but are still so-called residual quotas of some banks. Upon receipt of the relevant documents such as major funding to 06/04/2008, a financing of 80% of the purchase price therefore still 4.87% nom. / Anf 4.97%. eff. shown to be rich special repayment options and eradication rate change option are included as well as a generous provision of interest-free period of 6 months.
remaining quotas of various cooperative banks are our customers also are available and make the consequences of the strong interest rate hikes by a little more bearable.
also for the coming period we expect an increasing trend from the mortgage interest. If not arise unforeseen disruptive in our view, the sharp rise in commodity and food prices on the one hand and the potentially soon be stale banking crisis (see for example the speech by Dr. Ackerman at the general meeting of the Deutsche Bank of 29.05.2008) provide the other care that we gradually leave the lasting basically since 1995, low interest rates and come back soon to the average level in the past 50 years arrive are:
