DNB: more expensive mortgage for nearly a million households

Approximately 950,000 homeowners in the Netherlands are expected to face significantly higher mortgage costs in the coming years, particularly those with variable rates or nearing the end of their fixed-rate periods. The average mortgage interest rate has risen from 1.6% five years ago to around 4% now. While only 3% of total mortgage debt has a short fixed-rate period, 16% of all mortgages will see their fixed rates expire before the end of 2028, affecting nearly one-fifth of total mortgage debt. Homeowners in these categories may face an increase of up to 150 euros in monthly payments, with some potentially seeing increases of up to 300 euros. However, the Dutch central bank does not anticipate widespread financial distress due to rising costs, as many households have more disposable income.