Home »Real Estate, Business + economy
Registered on 26 August 2011 - 10:25 No Comment
Builders and owners benefit from the mortgage loans with expiring recession fears in the markets. The mortgage interest rates are again after a recent recovery decreased significantly. Reason is the flight of many investors into safe investments like government bonds and mortgage bonds. This drives up solar geyser prices and forces analogous to the interest. Due to the strong competition in the mortgage market, banks must pass on the favorable refinancing terms to their customers.
15 years fixed interest rate costs less than 4 percent
The interest rate index of FMH independent financial advice for building loans has a five-year fixed interest rate of an average of 2.97 percent. Six months ago the index stood at 3.54 percent. Mortgage loans are fixed-rate period of ten years, according to the FMH available for an average of 3.48 per cent to 4.05 percent six months ago. 15 years fixed interest rate today cost 3.98 percent, 55 basis points less than they were six months ago. Consultants and brokers to keep their customers happy in those days before the image of the "historic opportunity" eyes. Mortgages but could be even cheaper.
The deep crisis has not been reached
The lows in the crisis year of age have not been reached. DGZ-Pfandbrief Curve, an indicator of the conditions on the mortgage refinancing market has for ten years in duration from an interest rate close to 3.0 percent. Last year, the low point of around 50 basis points was tested lower. There are several reasons that speak for a further sinking or at least stagnant interest rates. Firstly, the likely recession is only just yet. As long as its extent is not foreseeable, investors are not separate themselves from their safe havens.
€ crisis keeps building loan cheap
On the other hand limits the ongoing crisis in the euro exchange loss potential of safer mortgage bonds. In a deteriorating economic environment, the markets with negative news expected in view of the consolidation programs of the Euro member states are facing, which makes safe havens even more attractive. The two rate hikes by the ECB acting for the owner of barely, because mortgages are not refinanced with fixed interest rate on the money market. Meanwhile, the markets already expect a rate cut by the ECB in the winter.
Increased competition by insurers will benefit builders
Help Protect for builders is calculated from the Federal Treasury. The guaranteed interest rate for life insurance decreases the coming year from 2.25 to 1.75 percent. Life insurers invest the funds of their customers in real estate loans. They follow in competition with banks. The insurance industry must be earned with customers' money for at least the guaranteed interest rate. This is below the refinancing rate on the bond market is a cost advantage ...
