German mortgage rates climb to highest since 2009 as Iran war stokes inflation fears

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German ten-year mortgage rates have risen to nearly 4.5%, their highest level since 2009, according to broker Interhyp. Inflation concerns linked to the Iran war are pushing borrowing costs higher.

Mortgages in Germany are now at their most expensive since 2009, with the average rate on ten-year loans nearing 4.5%, according to broker Interhyp, as inflation fears stoked by the Iran war push up borrowing costs.