In the wake of recent days of unrest in the Middle East, it has become more expensive for Danes to take out a mortgage, and the trend continued on Monday. This is according to Brian Friis Helmer, a private economist at AL Sydbank.
The explanation must be found, among other things, in rising oil and gas prices. According to him, this has created fears that it could also end up contributing to inflation.
- If it does, it could mean that the economy will be hit and that central banks will raise interest rates.
Among other things, the rate on the 4 percent loan has fallen. When the rate falls, it becomes more expensive to take out a loan. This can therefore affect both those who want to buy a home, but also those who need a supplementary loan.
According to the private economist's calculations, the lower rate on mortgages has made home financing 110 kroner more expensive per month per million borrowed.
- It's not something that will overturn a budget, but it is a relatively significant development in such a short time, says Brian Friis Helmer.
You have to go back to the spring of last year to find similar rate levels on fixed-rate mortgages.
Could be bad news for homeowners
If the trend continues and the rates are maintained at a low level, it could also end up being bad news for homeowners with F3 and F5 who will have a new interest rate on their home loans on July 1.
This is what Sune Malthe-Thagaard, chief analyst at Totalkredit, writes in a comment.
- They are supposed to have set their interest rates at auctions in May, and with the latest interest rate increases they may become more expensive than expected a few weeks ago.
However, he believes that homeowners should take it easy for now. In the short term, oil reserves can be released and thus ensure security of supply.
- And in the slightly longer term, it is in the interest of the oil-producing countries as well as China and the United States that the current energy prices do not take hold.
- Donald Trump, in particular, has an interest in petrol prices not being at their current level by the midterm elections in the autumn, as it will give him a slap in the face of voters, the chief analyst believes.
/ritzau/
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