Tuesday May 24, 2022

years mortgage rates dl fall, interest on mortgages rise

years mortgage rates continue to decline. This time they wiped out two tenths of a percentage point and the value of the FINCENTRUM HYPOINDEX indicator approached the magic level of 4.5 percent. Over the years, rates have reached 4,800 clients at bank branches, who have arranged mortgages for more than eight billion crowns.

esk hypoten market shows incredible dynamics. Over the past 30 days, rates have fallen by 23 hundredths of a percentage point.

Mortgages with a variable one-year rate recorded the largest decline, falling by less than a quarter of a percentage point in the meantime. The standard variants of mortgages with a fixed annual rate do not lag behind either. Thus, in the meantime, rates fell by more than 20 basis points, with the largest decline recorded in the popular population of mortgages, and the average rate provided in recent years fell to 4.51 percent.

FINCENTRUM HYPOINDEX attacks the 4.5 percent limit

In the interim period, mortgage rates fell by more than one percentage point on average, which is converted into crowns, which means that a client who pays for a two million mortgage with a maturity of 20 years this year will now have a lower installment of CZK 1,188 less, not the same. the client himself, who signed the loan agreement in loskom z. At that time, the average rate of all provided mortgages was 5.63 percent.

“The decline in rates was due, for example, to the spectrum of fixations, which is due to the bank in addition to the low price of the source. There is no room for declining, because even with a sharp reduction in rates, the average difference between mortgage rates in individual fixations and the price of pensions on the interbank market is around three percent, ”said Josef Rajdl, chief analyst at Fincentrum.

Falling rates, stabilized real estate prices, weakened position of building societies, the favorable economic situation in the Czech Republic, but so low compared to the base year last year. All of these factors result in a breathtaking rate of growth in the demand for hypothesis.

In the past month, banks provided 4,800 mortgages with a total value of CZK 8.011 billion. Compared to the same period last year, when 3,265 mortgages were provided for 5.4 billion crowns, these results increase the volume by 48.3 percent.

In the total year of this year, the mortgage banks provided it for the last three quarters for 58.9 billion, while two billion beat their results.

Ptilet fixation opt reign

The mortgage market has long been dominated by fixation for three or five years. In the past month, the demand for ptiletch fixations has increased significantly, giving preference to 49 percent of all clients.

The second most popular variant was mortgages with a fixed fixation, which was preferred by 39 percent of clients. According to the remaining monitored fixed variants, the thorn did not exceed the limit of five percent in any case.

According to the highest volume of mortgage applications (47 percent). Mortgages with this fixed share accounted for 40 percent of the total volume, and all other fixations, including mortgages with a variable one-year rate, “shrunk” the remaining 13 percent of the market.

Where can you learn?

Autumn is usually a time when banks try to go harder to embellish their celoron results. Therefore, first these days, a special event will take place at a number of branches to replace undecided clients.

Raiffeisenbank offered mortgages at its annual rate at an annual rate of three tenths of a percentage point.

GE Money Bank clients have until June 22 to get a mortgage without a fee for processing and estimating the price of the property. In addition, clients can get a favorable annual rate, which is fixed at 4.29 percent.

GE Money promises a zero mortgage fee to its clients who apply for a mortgage through an online calculator located on the bank’s website. This action salary for quite filed by the end of this year.

So far, LBBW Bank CZ has guaranteed a one-year rate of 3.99 percent for clients who have applied for a mortgage with a five-year fixation, and now extends its offer to mortgages with a five-year fixation.

Summary for from 2010
Fixation period of the rate years all fixations 1 year 5 let
Hypoindex 4,56 % 5,00 % 4,51 %
Change from last msci (bp) -23 -22 -29
Prmrn ve hypotky (tis. K) 1 669 1 724 1 585
Msn spltka 1mil. mortgages for 20 years (K) 6 360 6 598 6 332
Msn spltka 1mil. mortgages for 15 years (K) 7 682 7 907 7 655
elovost vr:
According to vr for purchase on the total pot, incl 62 % 69 % 60 %
According to vr for construction on the total sweat, incl 23 % 18 % 23 %
According to other vr on the total sweat vr 15 % 13 % 17 %

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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