Higher monthly payments for many homeowners due to rising mortgage rates

DNB estimates that households with variable mortgage rates will see monthly payments rise by about 150 euros by the end of 2028. Approximately 950,000 households are affected, with significant variations in the impact. While a quarter will see increases of less than 50 euros, another quarter may face over 300 euros in additional costs. Most households can manage these increases, but some may experience financial strain. Mortgage rates have risen sharply, from around 1.6% five years ago to nearly 4% now, affecting new buyers more than long-term homeowners. DNB is monitoring this situation due to potential risks for both households and lenders.