Construction rates of interest rise regardless of ECB rate of interest minimize | EUROtoday

Get real time updates directly on you device, subscribe now.

Construction rates of interest in Germany have not too long ago risen, even if the European Central Bank (ECB) has lowered key rates of interest for the primary time in 5 years. This is reported by the patron portal Biallo in a research, citing the financial institution information it collected. According to the research, rates of interest for mortgage loans with a ten-year mounted rate of interest are actually on common 3.67 p.c, for loans with a five-year mounted rate of interest 3.89 p.c, for 15 years 3.84 p.c and for 20 years 3.94 p.c.