Recently, building interest rates fell below three percent. Should buyers wait and see whether they will fall even further – or should they take advantage of the opportunity?
One can hope so – with this thought, many home buyers are currently looking at the mortgage interest rate curve. It has recently turned downwards and some people are speculating that interest rates will continue their downward spiral. The cheapest real estate loans are currently available for 2.99 percent, just under three percent. In October 2023, around 4.3 percent was still due for typical mortgage loans.
So should we wait for interest rates to fall further? Or is it better to strike now because the curve could turn upwards again? That’s the big question. It can be answered clearly with a few calculation examples.
Source: Stern
