The interest rates of mortgages are rising again

The Czech National Bank has already rised the interest rates 5-times during this year. The last increasing by 0.25% (which is the same incresing than in the previous cases) was confirmed on November 1, 2018 last week.

Previously the Czech National Bank rised interest rates also on September 27, August 3, June 28 and February 2 this year.

These increases have direct impact on increasing the mortgage interest rates that are attacking the 3% p.a. nowadays. Generally the interest rates are still acceptable in a long-term view, but we must admit that the rates below 2% p.a. are already just a history.

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