How does the interest rate develop in March? Read our mortgage interest expectation. This month we see a number of interest rate cuts, completely against the trend.
Increasing trend in mortgage interest
Mortgage interest rates rose again slightly in February. During the month, interest rate increases and interest rate decreases alternated. The number of interest rate increases finally prevailed.
The rising trend is in line with the capital market interest rate. This indicator for mortgage interest with a long fixed-rate period is on the rise, despite fluctuations.
The reasons for this were discussed extensively in a previous interest rate forecast.
Interest rate cuts against the trend
Recently we see a striking number of lenders who, against the trend, lower mortgage rates. This causes interesting shifts in the mortgage interest overview:
- After a time of absence, Argenta returns to the top of the interest overview.
- The traditional banks offer the best interest rate on the 10-year fixed-rate mortgage.
- Furthermore, we again see many pension funds at the top of the 20-year fixed-rate mortgage and 30-year fixed.
New objectives? New investors? New competition? Every lender has its own motivation to adjust the mortgage interest rate downwards or upwards.
For example, Merius recently found an investor mortgages and immediately lowers the mortgage interest rate. This provider praises itself (temporarily) from the market and even sells out with a number of products.
Interest rate mortgage expected in March
We expect this changing picture to continue before the beginning of March. On balance, the mortgage interest rate will remain the same at the current level, with a possible slight increase. It remains interesting to follow the mortgage interest rate development.
The number of interest rate increases will prevail in the second half of March. This is because the Fed has increased policy rates, which has a driving effect on market rates.
Mortgage market on the move
The mortgage market is clearly on the move. Competition comes primarily from new lenders in the market. They put pressure on traditional banks to keep margins on low mortgage rates. This increase in the number of mortgages with large banks can be partly explained by the growing group of transferers in the mortgage market. Anyone who moves from owner-occupied home to owner-occupied home already has a mortgage. The traditional banks are often better able to provide tailor made solutions and offer the possibility of taking old mortgage products with them.