The interest rate for a mortgage in Belgium will increase significantly in the coming months.That's bad news for those with a variable loan and for those who want to take out a new loan, as some report Flemish newspapers.
The higher interest rates come from the increase in international long-term rates, they say. It is difficult to predict how large the increase in mortgage interest rates will be more precise. "The time of low mortgage rates is over anyway," says economics professor Pascal Paepen. "Before the banks gave lowcost, as long as the customer but another profitable product purchased. But since the stricter international regulations for banks is that no more. " The interest rates on savings accounts will not rise immediately, because they depend on the short-term that captures the European Central Bank. And which has not increased.
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