Mortgages will become more expensive. Low rates are ringing the death knell
“Banks are no longer reducing at the same pace as in previous months. The main reason is the price at which banks raise money for further lending on the interbank market. And it was the price of money on the interbank market that began to rise rapidly in November, ”points out Jiří Sýkora, an analyst […]
Get in debt now, it will be worse, banks whisper. Mortgages are extremely cheap
It is almost certain that the mortgage market will break the record this year. Not enough is enough, and in the volume of loans provided, the target from 2016, when people borrowed 225.8 billion crowns for housing, will tear. Interest in mortgages is also increased by low interest rates, which fall below two percent. Bankers […]
The mortgage bubble continues to inflate. The overheated housing market is just ahead of the record
The average mortgage rate fell to 2.02 percent in October from 2.07 percent in September. The rate decreased for the seventh month in a row, so low for the last time in March 2017. October, with a mortgage volume of 25.214 billion crowns, became the second strongest month in the history of the hypoindex compiled […]
The mystery of mortgage madness. People are taking loans for increasingly expensive apartments, showed the September hypoindex
Despite the second wave of the pandemic and the partially subdued economy, interest in mortgages is extreme, banks say. According to the hypoindex, which has been monitoring the housing loan market for a long time, this year may break a historical record. At a time of coronavirus crisis, this is something no one expected. Unlike […]
Czechs borrow record amounts for housing
Compared to last year, house prices rose on average by only half the rate. According to mortgage advisers, the rocketing growth in the amount of mortgages being raised is mostly related to the strong shopping appetite of wealthier buyers looking for more expensive goods. “The record August average mortgage loan of 2.79 million crowns was […]