More homeowners face higher monthly costs due to rising mortgage rates

According to the Dutch central bank, approximately 950,000 households face rising monthly mortgage payments due to increasing interest rates. Households with variable rates or those facing renewal before the end of 2028 will see an estimated average gross increase of 150 euros per month. While the impact varies significantly, with some paying less than 50 euros extra and others over 300 euros, the central bank warns that this shift could create financial pressure for certain families.

This trend follows a sharp rise in mortgage interest rates, which have climbed from an average of 1.6 percent five years ago to nearly 4 percent today. Although many existing homeowners were shielded by long-term fixed rates, the expiration of these periods now exposes them to higher costs. The De Nederlandsche Bank is monitoring the situation closely, as the increased financial burden on households could potentially create risks for mortgage lenders if borrowers struggle to meet their obligations.