We expect money market rates to increase further this year. This raises the likelihood that mortgage rates with a short fixed-rate period, as well as variable mortgage rates, will also increase.
We expect capital market rates to decline somewhat towards the end of this year. This increases the likelihood that mortgage rates with longer fixed-rate periods will also move lower.
"}},{"accordionList":[{"richBody":{"value":"Variable mortgage rates and mortgage rates with a short fixed-rate period generally move in line with money market rates, such as Euribor. These rates are heavily influenced by the monetary policy decisions of the European Central Bank (ECB).
Money market rates have increased over the past month as financial markets anticipated an ECB rate hike in September aimed at curbing inflation.
The ongoing conflict in the Middle East has not only pushed up oil and gas prices, but has also increased broader inflation risks across the euro area. As a result, we expect the ECB to raise its policy rate further later this year.
A further increase in the policy rate would likely lead to higher money market rates. Consequently, the likelihood that mortgage lenders will raise their variable and short-term mortgage rates also increases.
"},"title":"Further detail on interest rates with short fixed-rate periods"},{"richBody":{"value":"Mortgage rates with a long fixed-rate period are primarily linked to European capital market rates. These are interest rates on loans and bonds with longer multi-year maturities.
Capital market rates in the euro area have risen further in recent months, partly due to the ongoing conflict in the Middle East. In addition, the resilience of the European economy and higher market rates in the United States have contributed to upward pressure on European capital market rates.
As a result, mortgage lenders have increased mortgage rates with longer fixed-rate periods in recent weeks. Average advertised mortgage rates are now at their highest level in more than two and a half years.
We expect energy prices to ease somewhat towards the end of the year. Under this scenario, capital market rates could also decline. However, developments remain highly dependent on the situation in the Middle East. Lower capital market rates would increase the likelihood that mortgage rates with longer fixed-rate periods will also edge lower towards the end of the year.
"},"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.
"}},{"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.
"}}]},"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":"2026-09-25","readingTime":3},"publishDate":"2026-09-25T10:31:19.617+02:00"}}