Thinking of buying? How have mortgage interest rates evolved over the past few months?

There is movememt in the market. Your mortgage will become more costly, as the banks have increased their interest rates in the past few months. This despite the European Central Bank not (yet) having adjusted its official interest rates.

Fixed rate mortgages for individual borrowers have increased to 1.66% on average in March.

The variable rate, on the other hand, has remained stable at 1.33%, says the Luxembourgish Central Bank. This means it is considerably more attractive than fixed rate, and has been since the end of last year.