Interest in Mortgages Fell in August
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4 Articles
Rising interest rates are starting to hamper the mortgage market. Banks and building societies provided new mortgages worth 26.8 billion crowns in August. Compared to July, their volume was 13 percent lower. This is according to the Hypomonitor of the Czech Banking Association. The average interest rate increased by 0.1 percent month-on-month to exactly five percent. It has thus returned to the level of 2024.
Banks and building societies provided mortgage loans worth 34.5 billion crowns in August. Compared to August last year, this represents an increase of four percent, but compared to July, the volume of mortgages decreased by 15 percent. New loans without refinancing fell by 13 percent month-on-month to 26.8 billion crowns. Interest...
Banks and building societies provided mortgage loans worth 34.5 billion crowns in August. Compared to August last year, this represents an increase of four percent, but compared to July, the volume of mortgages decreased by fifteen percent. New loans without refinancing fell by thirteen percent month-on-month to 26.8 billion crowns. Interest rates rose to five percent on average from 4.9 percent in July. This is according to statistics from the …
Mortgages Are Rising Again. The Average Interest Rate in August Rose to Five Percent - Seznam Zprávy
The volume of mortgages provided in August fell to 34.5 billion crowns at an average interest rate of five percent. A significant part of the market continues to be refinancing, where households with a fixed rate ending in 2021 will see their monthly payment increase by 3,300 CZK.
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