Eurozone Homeowners Face Prolonged Strain from Rising Mortgage Costs

The European Central Bank (ECB) has warned that homeowners across the eurozone will continue to feel the weight of rising mortgage costs until the end of this decade. Despite the gradual reduction in interest rates in recent months, many people who took out home loans when borrowing was cheap - during the era of low and negative interest rates - will soon have to refinance their loans.The ECB pointed out that a significant number of these home loans, initially locked in at attractive rates, are set to be revalued at higher levels in the next few years....Weiter zum vollständigen Artikel bei Novinite Weiter zum vollständigen Artikel bei Novinite