Interest rates for construction loans noise down in the direction of ZERO percent

the Golden age of the borrowers, and builders: a loan with a ten-year interest rate fixation fell this week to below 0.5 percent. Up to the magic Zero, so a "F

Interest rates for construction loans noise down in the direction of ZERO percent

the Golden age of the borrowers, and builders: a loan with a ten-year interest rate fixation fell this week to below 0.5 percent. Up to the magic Zero, so a "Free credit", it is not far. The findings of a study by the credit provider Interhyp.

Who has a very good credit rating, even loans at interest rates of about 0.4 percent get. A few years ago the conditions were at the Four - or five-fold.

In 2009, the rate was even higher at 4.3 percent, but with significantly lower real estate prices.

you Get the construction Loan soon money?

In the past few days, there were long-term projections, which, according to the mortgage interest rates could, in the future, even temporarily, under the Zero boundary slip. Such a negative interest rate, the customer would have to pay back a mathematically less money than he borrowed.

"economically it may be for a Bank makes sense to pay interest on loans is negative, rather than pay even higher interest rates in the case of a different use," said Bundesbank Board member Joachim Wuermeling the end of August, the "Stuttgarter Zeitung" and the "Stuttgarter Nachrichten" (BILD reported) .

Date Of Update: 21 December 2019, 21:20
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