Rising mortgage interest rates dampen price growth on the owner-occupier market
The number of mortgage applications reached a new record in the first quarter of 2022 due to an enormous increase in the number of refinancings of existing mortgages. Consumers are thus anticipating the first increases in mortgage interest rates. However, this rise in interest rates in the first three months of 2022 has also had an impact on the maximum borrowing capacity of households.
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