Wednesday May 25, 2022

Pd years mortgage rates continue, surpassing 4.5 percent

The mortgage market has overcome the target in the past few months, when the average year of mortgage rates broke the 4.5 percent mark. Rates have been at the lowest level since May 2007.

Hypoten banks, according to the creation of FINCENTRUM HYPOINDEX, concluded in the summer of June 4,270 mortgage contracts worth
7.16 billion crowns. The average share was therefore 1,676,832 crowns.

In the meantime, the banks lost slightly. In this, 4,800 mortgages were provided in the total amount of 8.011 billion crowns. However, in the interim, these fresh statistics again represent a sharp jump upwards. The volume of closed mortgages in June this year increased by 25.3 percent (2009: 5.71 billion crowns) and in the total ten-month sum, banks overwhelmed the results by
3.3 billion crowns.

As in previous months, bank clients showed the greatest interest in mortgages with a one-year rate fixed for three and five years. Together, these two fixed variants account for 88 percent of the market (1,881 clients preferred a mortgage with a fixed fixation and only three more chose a mortgage with a five-point fix). In terms of volume, this mortgage was again increased by three mortgages, with their average average share reaching 44 percent.

Winter reduces the demand for mortgages for construction

The statistics of FINCENTRUM HYPOINDEX differentiate the mortality of mortgages into three groups – purchase, construction and other elements. Of the total of 4,270 mortgages, a full 63 percent was provided for the purchase of real estate, 20 percent for construction and the remaining 17 percent for other buildings, of which about 10-15 percent were used to refinance existing mortgages.

On average, the mortgage rate fell below 4.5 percent

In June, FINCENTRUM HYPOINDEX made its way to 4.42 percent.

The only thing that spoils my potential clients is slowing down the rate of decline in annual rates. While in the previous month the rates fell by more than two tenths of a percentage point, in the summer of June the overall FINCENTRUM HYPOINDEX weakened by only 14 basis points in the meantime.

The biggest contributors to the decline in rates were mortgages with a fixed fixation, which in the meantime fell by 17 basis points. The decline in the average years of the rate for variable mortgages was more pronounced, but the movement of these rates in the overall index did not have a significant effect on the overall share.

Where can you learn?

On November 1, Komern banka introduced its Vnon mortgage with an annual rate of 3.75 percent and a financial bonus of three thousand crowns. Clients who arrange a mortgage with a year-long rate fixation will have to get a favorable annual rate. For clients who apply for a mortgage with a fixation for five or more years, the bank pipes for three thousand crowns.

The condition for obtaining favorable years of conditions or a financial bonus is the fact that there will be enough credit in the period from 1 November to 23 December 2010. The mortgage agreement must then be concluded by 28 February 2011.

Summary for only 2010
Fixation period of the rate years all fixations 1 year 5 let
Hypoindex 4,42 % 4,97 % 4,40 %
Change from last msci (bp) -14 -3 -11
Prmrn ve hypotky (tis. K) 1 677 1 923 1 588
Msn spltka 1mil. mortgages for 20 years (K) 6 285 6 581 6 273
Msn spltka 1mil. mortgages for 15 years (K) 7 611 7 890 7 599
elovost vr:
According to vr for purchase on the total pot, incl 63 % 65 % 62 %
According to vr for construction on the total sweat, incl 20 % 21 % 19 %
According to other vr on the total sweat vr 17 % 14 % 19 %

Methodology of FINCENTRUM HYPOINDEX: FINCENTRUM HYPOINDEX values ​​the development of mortgage prices over time. It is out of the average year rate at which providers are in a given calendar month new mortgages for individuals. The weights are the volumes provided incl. Input data for deposits is provided by the following banks: esk spoitelna, SOB, GE Money Bank, Hypoten banka, Komern banka, Raiffeisenbank, UniCredit Bank, Volksbank CZ and Wstenrot hypoten banka.

Conditions inside the FINCENTRUM HYPOINDEX: FINCENTRUM HYPOINDEX can be freely only with the designation “FINCENTRUM HYPOINDEX” and the source “Hypoindex.cz.”

Vce, e.g. about news on the mortgage market, you can find out at Hypoindex.cz.

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