The reduce within the ECB’s key deposit fee, through 0.25 of some extent to a few%, additionally marks the beginning of a discount in installments for round 400,000 servicing floating fee mortgages, whose base charges were frozen since April 2023. On the time, banks determined to stay benchmark charges secure at March 2023 costs to … Read more
Η Attica Bank supports variable rate mortgage borrowers and with a sense of social responsibility is expanding the Loyalty Mortgage Customer Reward Program, originally announced in April 2023, for one year. Are you a subscriber? Sign in Or register If you want to see the full version you must be a subscriber. Get a subscription … Read more
Mortgage interest will decline, so some customers will want to refinance their loans. “Mortgage predators” are also on the lookout. They take customers from one bank to another for savings of a few tenths of a percentage point. Already in December the Czech National Bank froze interest rates. And it announced that it will continue … Read more
Banks had to deal with a collapse in mortgage interest last year, when the market fell 15%. But financial institutions are now signaling that the worst is over and they expect to recover from the bottom this year. At the same time, some new rules affecting mortgages and housing savings have come into force or … Read more
“It appears that not even the reduction of the base rate by the CNB will convince banks to discount mortgages more drastically,” says Jiří Sýkora, analyst at Swiss Life Select. According to him, it could be the banks’ reaction to the new setting of the compensation in case of early repayment of the mortgage. From … Read more
The real estate market has recently faced several challenges that have influenced its development. It was mostly about unusually high interest rates by our standards, combined unfortunately with record inflation. Add to that a crazy long-term situation with the complexity and length of permitting processes, and we get an unpleasant cocktail where uncertainty mixes with … Read more
It falls more than three tenths in a single month and closes December at 3.679% December 29, 2023 . Updated at 6.45pm Los mortgaged They will close this 2023 with the first truce after more than a year and a half. After 21 months of practically continuous increases, the EURBOR —reference index for variable rate … Read more
The Euribor drops to 3.679% in DecemberEP He euriborthe index that is used every month as a reference for the calculation of most mortgages in Spain, December closed at 3.679%so that falls below 4% for the first time in the last six months and represents the largest monthly decrease in 14 years. According to data … Read more
