Millions of German savers are anything but enthusiastic about lowering bank interest rates last week. However, there are also people who are happy about this decision of the Central Bank. These include, in particular, aspiring builders and homebuyers. They have the opportunity to finance their projects at low interest rates.
However, the situation must not be misunderstood. Those hoping for even lower interest rates due to the interest rate cut could be disappointed.
It is by no means certain that banks will all trade short-term and adjust their interest rates on real estate loans.
It has always been the case that banks react differently – if they even react. Experience has shown that it takes a good two to three weeks before there are any significant changes in the construction loan conditions.
Accordingly, those who wish to sign their loan agreement soon should be extra cautious. It is advisable not to speculate, but rather to get certainty. This is possible by collecting and comparing offers from different banks.
Basically, it’s easy to get a comprehensive market overview. Finally, we offer a free and non-binding mortgage lending comparison. Our experienced mortgage lending experts embark on a preliminary search to find the right real estate loan. So it is quickly and almost effortlessly determined where attracts a particularly favorable mortgage lending.
Outgoing borrowers should seize this opportunity. The market is currently difficult to see through, especially as it does not automatically attract lower mortgage rates.
The central bank wants to achieve that the financial markets are stimulated. There could therefore be turbulent times that make interest rate comparison all the more important.
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