HS: The most common reference interest rate for mortgages will drop sharply by the end of the year | News Fin

Four economists estimate To Sanomat of Helsing, the most common reference interest rate for mortgages, the 12-month Euribor, will drop sharply by the end of the year, but not below three percent. The most recent quote was from Friday when the interest rate was 3.7 percent. Last fall, interest rates rose to 4 percent.

Nordea’s Chief Economist Let the wind blow According to the 12-month Euribor rate of around 3 percent by the end of the year and OP’s chief economist Reijo Heiskanen According to 3.05 per cent.

The most pessimistic estimate, 3.3 percent, is given by Handelsbanken’s chief economist. Timo Hirvonen and Director of Research at Danske Bank Heidi Schauman.

HS expects the European Central Bank to cut its key interest rate by 0.25 percentage points next Thursday as consumer price increases have slowed significantly this year.

After lowering the interest rate, you can get a loan at a lower rate. This is expected to boost household consumption and business investment. Home borrowers also benefit from falling interest rates. According to HS, one third of Finnish households have a mortgage.

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