Mortgages Continue to Rise Drastically in Price. Banks Have Already Broken the 6% Mark for Longer Fixations
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Mortgages continue to rise in price – and more significantly than before. The difference between short and long fixation is increasing. Neither the developments on the financial markets and the situation in the world, nor the budget plans of the current government give hope for an early reduction.
October brought another significant increase in the price of mortgages. The average offer rate according to the Swiss Life Hypoindex jumped to 5.79%. Mortgage interest rates have been rising for the seventh month in a row. Longer fixations are becoming more expensive, households are paying more and experts do not expect a quick return of cheaper loans. In addition, according to preliminary data, inflation is accelerating and is back at 2.5 perce…
Prague - The average mortgage interest rate at the beginning of October reached 5.79 percent, up 0.28 percentage points from September. Mortgages rose for the seventh month in a row, reaching their highest level since January 2024. This is according to data from the Swiss Life Hypoindex, which is compiled based on bid rates at the beginning of each month. The methodology reflects the current average bid rate for a mortgage loan for 80 percent of…
The Hypoindex rose again in October. Rates are slowly approaching six percent and analysts do not expect any reductions in the near future. They recommend that refixings be resolved ahead of time.
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