As housing market boom continues ‘lower mortgage interest rates on the way’

Just as it is beoming more difficult to qualify for a mortage, mortgage interest rates are coming down, the Telegraaf reported on Wednesday.

Mortgage adviser Hypotheekshop said that after mortgage interest rates were lowered by Rabobank and Munt, other big providers are expected to follow suit, the paper said.

Interest rates on the capital market, which largely determine the mortgage rate, have dropped from over 0.6% to less than 0.5% in recent weeks. This works its way down to individual mortgages, Hypotheekshop said.

Seasonal influences are also coming into play. June is traditionally the month when many new mortgages are agreed and mortgage providers become more competitive as a result, Hypotheekshop pointed out.