Mortgage rates rose in June…so did demand

Robert McLean

#cee, #proptech, #development a #architecture

Mortgage rates have been going up following the recent increase in the Czech National Bank's base interest rate. But that hasn't cooled demand for home loans. Just the opposite. Sensing that it may be a long time before they can score a 20-year loan for just 2.13%, consumers continued flooding into banks during June, borrowing a total of CZK 44.5 billion, just short of the record CZK 44.7 billion from March. In all, Czechs have borrowed CZK 224 billion during the first half of 2021. That's as much as they borrowed in 2016 . . .

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