We expect money market rates to remain at roughly the same level this year. This increases the likelihood that mortgage rates with a short or variable term, will also stay around the same level.
We expect capital market rates to remain at roughly the same level this year. This increases the likelihood that mortgage rates with a long fixed-rate period, will also stay around the same level.
"}},{"accordionList":[{"richBody":{"value":"Variable mortgage rates and mortgage rates with a short fixed-rate period often move in line with money market rates, such as Euribor. These rates are strongly influenced by European Central Bank (ECB) policy.
The ECB kept its policy rate unchanged in July but clearly signalled during the press conference that a rate increase in September is likely. Whereas a month ago there seemed to be little appetite for a further rate increase, current oil prices will make it difficult for the ECB not to raise rates in September.
As a result of this expectation, money market rates have risen over the past month. Financial markets are already pricing in the expected rate increase by the ECB. Partly because of this, mortgage providers have also increased variable and short-term mortgage rates over the past month.
Looking ahead, we expect money market rates to remain at roughly the same level for the time being. This increases the likelihood that mortgage providers will also keep their variable and short-term mortgage rates stable.
"},"title":"Further detail on interest rates with short fixed-rate periods"},{"richBody":{"value":"Mortgage rates with a long fixed-rate period are mainly linked to European capital market rates. These are rates for loans with a term of often ten years or more.
Capital market rates have recently risen due to renewed tensions between the US and Iran. Investors fear that higher energy prices could drive up inflation, which may require central banks to keep interest rates high for longer. The rise in capital market rates has contributed to mortgage providers increasing rates for long fixed-rate periods in recent weeks.
As long as there is no further escalation, we expect capital market rates to remain roughly around their current level until the end of next year. This increases the likelihood that mortgage rates with a long fixed-rate period will also remain relatively stable.
"},"title":"Further detail on interest rates with long fixed-rate periods"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"What does a changed mortgage rate mean for me if I continue to live in my home?"},{"componentType":"paragraph","richBody":{"value":"In many cases, changes to the mortgage rate don’t immediately affect you if you continue to live in your home. This is because when you take your mortgage out, you fix your mortgage rate for a prolonged period of time (10 or 20 years for example).
If the fixed-rate period of your mortgage is about to expire, it may be sensible to follow interest rate developments and check whether your current mortgage type is still suitable for you.
We’re always ready to discuss this with you.
"}},{"componentType":"cta","textLink":{"text":"Review your Mortgage","url":"/en/personal/mortgage/your-mortgage/review-your-mortgage"}},{"componentType":"sectionTitle","title":"What does a changed mortgage rate mean for me if I move house?"},{"componentType":"paragraph","richBody":{"value":"A change to the mortgage rate when you take out a new mortgage means that your monthly payments will change. The mortgage rate also affects the maximum amount you can borrow on your mortgage to purchase your new home.
If you have an ING mortgage and are planning to move home, you may want to transfer your mortgage rate and make use of the mortgage portability option. Read more about the mortgage portability option here.
"}},{"componentType":"cta","textLink":{"text":"Discuss your mortgage rate","url":"https://www.ing.nl/en/personal/mortgage/contact/cmnl-english?subscrid=cmnl-mort-engelstalig"}}]},"hasMacro":false,"id":"b0a5f1d7-2a02-4938-800a-0ae111c03118","legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
"},"title":"Good to know"}]},"localeString":"en-GB","mainHeaderZone":{"authorInfo":{"authorName":"Sander Burgers","image":{"altTextNL":"Sander Burgers","extension":"jpg","original":"https://assets.ing.com/m/2980e11647fb50c5/original/Sander-Burgers-550x500px.jpg","publishedAt":"2023-07-18T08:42:54Z","transformBaseUrl":"https://assets.ing.com/transform/d0c9edd7-61c1-4e2b-93d5-f02a05debcf7/Sander-Burgers-550x500px","type":"image","updatedAt":"2023-07-18T08:43:05Z","width":338},"jobTitle":"Econoom Nederlandse huizenmarkt"},"backLink":{"textLink":{"text":"Current mortgage rates","url":"/en/personal/mortgage/current-mortgage-rates"}},"componentType":"editorialHeader","coreHeader":{"subtitle":"Our expert Sander Burgers, ING Housing Market Economist, gives his interest rate forecast for the coming period. These interest rate developments are updated regularly.","title":"Interest rate forecast"},"date":"2026-07-29","readingTime":3},"publishDate":"2026-07-29T16:21:11.383+02:00"}}