What is the current mortgage rate?
Our overview is automatically updated with rates from 40+ providers.
Questions about mortgage rates
When taking out a mortgage, you will be dealing with interest rates. Here you’ll find useful information about mortgage rates.
Mortgage interest is the fee you pay to the bank for borrowing money for your home. The higher the interest rate, the more you pay per month.
The interest rate is determined by the market interest rate, the duration of your fixed-rate period, and the risk for the lender. The ratio between your mortgage and the property value also plays a role. The lower the risk for the bank, the lower your interest rate often is.
In some cases, you can adjust your interest rate, for example by refinancing your mortgage or fixing your interest rate again. This can be beneficial when the current interest rate is lower than your current rate. However, it is important to take potential costs into account, such as penalty interest.
That depends on your situation and preference for certainty. A longer fixed-rate period provides peace of mind and predictable monthly payments. A shorter period may sometimes result in a lower interest rate, but it entails more risk.
With a fixed interest rate, your interest rate remains fixed for an agreed period, for example 10 or 20 years. This provides certainty regarding your monthly payments. With a variable interest rate, your interest rate can rise or fall in the interim. This can be advantageous, but it also entails more uncertainty.
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