Business · Economy · 1 day ago

Higher mortgage rates raise costs for buyers in Germany and the US

Higher mortgage rates raise costs for buyers in Germany and the US

Mortgage rates have recently risen in both Germany and the United States.

That means people seeking a home loan face higher financing costs.

Rising bond yields are making property financing significantly more expensive in Germany, and the burden is even higher in the US.

Many people already find owning a home in a German city unaffordable.

The property sector had been hit by high financing costs in recent years and was showing tentative signs of recovery.

The renewed rise in rates could slow that recovery.

Sources

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