In general, the change in interest rates from one month to the next is very small. Although the figures from the Banque Centrale du Luxembourg are always published with a delay of one to two months, they reflect the current market situation quite well and therefore allow you to estimate whether your interest rate corresponds to the current market situation or not.
|Duration of the fixed interest period||May
|Variable interest rate and initial fixed interest rate for 1 year or less||1,33 %||- 0,02 %|
|Initial fixed interest rate for more than 1 year up to and including 5 years||1,07 %||- 0,01 %|
|Initial fixed interest rate for more than 5 years up to and including 10 years||1,12 %||+ 0,03 %|
|Initial fixed interest rate for more than 10 years||1,39 %||+ 0,03 %|
According to the latest figures published bye Banque Centrale du Luxembourg the 9th of July 2021, the variable interest rates for real estate loans and the interest rates fixed for short terms of up to 1 year have decreased compared to the previous month. These rates have reached 1.33% on average. The fixed interest rates for short terms between 1 and 5 years also increased to 1.12%. The rates set for an initial term of between 5 and 10 increased by 0,03% to an average of 1.12%. The average of the fixed interest rates for terms of 10 years and longer also continues to rise. These rates rose to an average of 1.39%. This corresponds to an increase of 0.10% within the last four months. Despite the current crisis, interest rates in Luxembourg generally remain at a historically low level.
Chart based on data published by Banque Centrale du Luxembourg in july 2021