Banks are fighting for the lowest mortgage interest rate: the consumer benefits


It promises to be a hot summer for the mortgage interest. Competition between banks is intensifying and interest rate cuts follow each other rapidly.

Interest rate cuts follow each other in rapid succession

Interest rate cuts follow each other in rapid succession

This summer, interest rate cuts follow each other at a rapid pace. Lenders make massive use of the falling interest rates to tighten their mortgage interest rates. Interest rates on the financial markets have fallen after the new stimulus measures have been announced for September.

Read more about the consequences of the ETB policy in our mortgage interest rate expectation.

Competition between banks intensifies

Competition between banks intensifies

Banks not only look at market rates, but also at each other. A good example of the intensified competition is the fight for the lowest mortgage interest rate for 20 years.

  • Allinard Bank lowered its mortgage interest rate last Friday, putting Good Finance in first place in the interest rate overview.
  • Less than 4 days later, Good Finance also announces an interest rate cut that brings the bank back to the same level.

Benefit from the low mortgage interest

Benefit from the low mortgage interest

Allinard Bank and Good Finance now share the lead, but it is primarily the consumer who benefits. Never before has the mortgage rate been 20 years so low, namely 2.00%. This concerns the annuity mortgage with NHG. The mortgage interest rate has also fallen for the other types of mortgage and fixed-rate periods.

Good for everyone who now takes out a mortgage, but also a good time to look at your existing mortgage. You can reduce the monthly payment with a transfer or with interest averaging.

Another reason to consider this: interest rate averaging has become cheaper this month due to new regulations. Competition between banks is intensifying and interest rate cuts follow each other rapidly.