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German mortgage rates climb to highest level since 2009
Original: German mortgage rates hit highest level since 2009
German mortgage rates have risen to their highest level since 2009, according to Euronews. The increase makes borrowing for home purchases markedly more expensive in Europe's largest economy, adding pressure on households and cooling the housing market. Higher interest rates across the eurozone, driven by inflation and monetary tightening, are the likely backdrop to the jump.
Why now: Rising borrowing costs directly affect homebuyers and the housing market, making the milestone newsworthy.
GermanyEuropean Central BankEuronews
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Evidence
- German mortgage rates hit highest level since 2009 · Euronews.com
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