Not only the savings interest in Germany continues to decrease, the construction interest rates also go back at least a little. This shows a look at the development of the most important consumer interest after deciding on a key interest rate reduction in the European Central Bank (ECB) last week. The ECB had reduced all three key interest rates by 0.25 percentage points on Maundy Thursday, also under the impression of American customs policy. The deposit rate that banks get for their deposits from the central bank and which also has an impact on savings interest is now 2.25 percent. The main refinancing rate, to which banks can borrow money from the central bank, was reduced to 2.4 percent. And the top refinancing rate for overnight borrowings is now 2.65 percent. According to figures in FMH financial advice, overnight fees have dropped to an average of 1.47 percent. For fixed deposits for one year, you only get an average of 1.94 percent. The interest for installment loans with a term of 36 months amount to 7.27 percent per year. And the construction interest for mortgage loans with ten years of interest rate binding are now an average of 3.64 percent. In March these interest rates were still around ten basis points higher, and again the short -term interest rates have released on the key interest rates of the ECB, the construction interest on the pawn return on the federal bond at the age of ten years. They are also influenced by the competition between the banks. A variety of factors have a variety of factors on the federal bond returns, in addition to monetary policy, for example, the economy and inflation expectations, the risk of risk of financial markets, the confidence in the issuers and the development of interest in other currency areas. “Overall, the interest level has released again since mid-March,” says Ralf circulation, pension market Hessen-Thuringia: “On the one hand, we have the US policy caused uncertainty on the markets and regarding the economic perspectives, and on the other hand, the ECB money policy, which continues to act depending on the data, has kept the door open for further loosening. ”A whole series of banks has published interest cuts for construction money in the past few days, as the Biallo consumer platform reports. The Hypo-Vereinsbank went down from 3.49 to 3.46 percent for ten years. Sparda-Bank West lowered its interest rate for five-year loans from 4.02 to 3.82 percent. The Aachen Bank reduced its interest for building loans at five years of interest from 3.3 to 3.25 percent and the Targobank, which from 3.28 to 3.26 percent.BB Bank demands 3.39 percent of the comparison table of the FMH finance advice on the building interest rates now ranks with an effective interest rate of 3.39 percent for Loans at ten years of interest in first place. It follows Sparda-Bank West with 3.42 percent. Gladbacher Bank, a cooperative bank in the form of a stock corporation, advertises 3.46 percent. The 1822 directly, the online branch of the Frankfurter Sparkasse, demands 3.57 percent. And the Debeka Bausparkasse is currently taking 3.58 percent. How things will go on with the construction interest in view of the very changeable situation in the capital markets. Different assessments can also be heard from experts. The specialists for construction finance that are regularly interviewed by the credit broker Interhyp expect a sideways movement for the next four weeks. You could use that. “With a view to the further course of the year, the majority of the banking panel awaits rising interest rates,” writes Interhyp. According to the survey, around two thirds of the experts assumed an increased level of interest in the coming months. The trade conflicts of the United States, the German special fund for infrastructure, the higher defense spending as well as economic and inflation forecasts still bring some uncertainties with it. “With construction interest, it is currently very difficult to make a forecast that should apply for more than four weeks,” says Max Herbst from FMH financial advice. Because Trump destroyed any interest with the next decree, which he decides. “However, one can almost assume that this is also too stupid to the investor and that he is looking for a safe alternative that you could actually see in the German state,” says Herbst: “This was extremely punished four weeks ago with his announcement of enormous debt with high returns in the federal bond.” In the meantime, however, German debt appears almost acceptable when you look around in the world in terms of security and trust, says autumn: “I think the construction interest could for now – but wait for Donald Trump with the Fed and his punitive tariffs.” Both are initially “under observation” in the United States.
The construction interest in Germany is falling again
