Mortgage interest rates are continuing to fall for homes covered by the national mortgage guarantee (NHG), mortgage dealer Hypotheekshop said on Tuesday.

The latest figures show that the interest rate on an NHG mortgage over 10 years is just above 2.5%, and over 20 years just 3%.

The guarantee means that if people default on a NHG mortgage, a special home ownership fund (the WEW) will pay off the debt.

Last year the interest on a 10-year mortgage fell a full procentage point and a further 0.45% in the first three months of this year. The interest on a 20-year mortgage also fell a full procentage point and a further 0.7% in the first quarter, Hypotheekshop said.

Mortgage interest rates for loans without the national guarantee are much higher, according to the Financieele Dagblad. For a loan of 103% of the asking price over 10 years, the rate is 3.09%. Over 20 years it rises to 3.59%.