Recent years mortgage rates have been at historically low levels. Many banks offer three mortgages with interest rates of around 2 percent and the one who is good at negotiating and signing a preferential mortgage loans through their union can get a mortgage rate at around 1.5 percent. But one should not be fooled by today’s low interest rates. Home purchases are often long term and it is important, therefore, what figure you should calculate with the very long term.
banks private economic experts have spoken earlier about the normal levels for mortgage loans of between 5 and 6 percent . And despite last years extremely low interest rate, the non-existent inflation and the Riksbank’s latest step out onto the negative interest rate territory, so keeping the experts attached to the recommendation to the country home buyers.
– 5.5 per cent is the rate we are well The Riksbank is assuming a normal rate over time, says Ingela Gabrielsson, private economist at Nordea.
And she gets support from several other experts.
– I think one should expect a long-term mortgage rate of at least 5 percent and also take height for future temporary interest rate peaks can be higher than that, says Tor Borg, chief economist at SBAB.
– For mortgages should be ready to cope levels of around 5-6 percent. It is in the current situation closest impossible that we reach these levels, but it said many although less interest a year ago, says Günther Marder, savings economist at Nordnet.
SEB’s Private Economist Jens Magnusson says that the bank uses an interest rate of 7 percent of their mortgage calculations.
– When making a calculation for their accommodation needs to bring an extra margin to be on the safe side. If I think 5 percent is a reasonable average interest rate to be reckoned with, it means that the interest rate periods can be both higher and lower, and you must be able to handle their finances even when it is higher. 7 percent may sound high current interest rates, but we intend to in the future and want an economic stability and security, then it is a reasonable level, he said.
Swedbank’s Private Economist Arturo Arques is on the same track, the margins for home purchases must be really high.
– In their household finances should have margin for possible market shocks and for that reason one should stress test their finances and ensure that the household budget for a certain period withstand an interest in the worst case an additional 3 percentage points. This means that households should be able to withstand an interest rate of at worst 8-9 percent over a certain period, he said.
Christina Söderberg, savings economist at Compricer, is on to something lower mortgage rates.
– You should cope with an interest rate of 3 percent over the next 10 years and then 5 percent 10 years after that, she says.
At the same time, she notes that it is possible to bind their mortgage for 10 years with 3.25 percent interest rate today. Something that suggests that banks expect low interest rates for a long time to come. She offers tips though that despite low interest rates should keep abreast of the upcoming amortization requirement.
Although not is a cost, it is an expense that you are going out with each month . The advantage of high amortization is that in the future, then have a smaller loan to pay a higher interest rate, says Christina Söderberg.
Some of the experts who SvD Business has been in contact with the view that the long-term normal interest rate that should be count has fallen marginally over the past year, while others say that despite last year’s super-low interest rates in the long term should expect the same normal level as before.
All experts SvD Enterprise has been in contact with are agreed that it is difficult to look so far ahead as 30 years in terms of personal finance and interest rates.
– What is a historic regular rate is depends entirely on the time periods we talking about. The interest rate has for long periods been both high and low. Sometimes the interest rate has risen and fallen quickly and at other periods, interest rates have risen and fallen slowly. The average interest rate and the median rate differs at times very much. Therefore, it can easily be misleading for readers to talk about what is a normal interest rate, says Arturo Arques at Swedbank.
No comments:
Post a Comment