Economy

Mortgage, worrying increase in installments in 2022: what’s going on

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Pay attention to the mortgage, as there may be an alarming increase in premiums during 2022. This is what happens.

The Change in mortgage rates, fixed and variable, leading to a change in the amount of the premium to be paid. So let’s get into the details and see all there is to know about it.

Mortgage rate increase 2022
Photo © AdobeStock

Unfortunately, the past two years have been marked by a whole series of events that continue to have a negative impact on our lives, both socially and cheap. Starting with Covid, passing through the possible repercussions of the ongoing conflict between Russia and Ukraine, up to An alarming general increase in prices in increments of 43%.There are many factors that ultimately reduce our purchasing power.

Being able to handle various expenses is becoming increasingly difficult precisely in this context Change in mortgage rates, fixed and variable, resulting in a change in the amount of the premium to be paid, with alarming increases. So let’s get into the details and see all there is to know about it.

Mortgage, an alarming increase in installments in 2022: all you need to know

We are already invited to lend Pay attention to the myriad sting on mortgages as there have been a significant increase in rates and premiums. In this particular context, as mentioned earlier, Change in mortgage ratesfixed and variable, resulting in a change in the amount of the premium to be paid, with alarming increases.

Already in March they signed up increases by more than 2%, with monthly increases in orders of a few tens of euros on both fixed and variable rate mortgages. If, according to the latest estimates, all this is not enough, a Rates could continue to rise. Getting into the details, flat rate mortgages come back in excess of 2%.

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As reported, for example Business Online, for a mortgage from 180 thousand euros to 20 years at a fixed rate, the monthly payment can pass From €916 to €934. However, in the case of a variable rate, it can pass From 806 EUR to 812 EUR. Also based on the latest estimates, further increases are expected in Euribor by the end of the year.

case, the latter, which could lead to further increases also within 2023. However, for now, it must be emphasized that it is only a matter of Estimates. All that remains is to wait and see how interest rates and therefore mortgage payments will change over the next few months.

Thelma Binder

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