In recent years, the rates of new mortgages have risen sharply

The sharp rise in annual mortgage rates, to which banks joined in July, has pushed their average rates back to the values ​​they last reached a few years ago. Even if you are interested in living here, you and the young people.

The value of FINCENTRUM HYPOINDEX, which expresses the average annual rate at which new mortgage lenders are in a given calendar month, increased by a record 21 basis points (ie 0.21 percentage point) during July and reached 4.67%. It was last on this level in January 2005. The high intermediate number is evident from the following graph.

See graph

Zven rates in practice

This year, the average number of new mortgage rates reached their minimum in April. We can show how from the rates, which have since occurred, the manifestation in practice of many installments, we will show on the following example. Current average in new contracts hypotk s ptiletou fixac and 1, 528 million crowns. Their average annual rate of FINCENTRUM HYPOINDEX in July reached 4.94%, in April it was 4.48%. At the age of twenty years, the monthly payment reaches 10,034 crowns in the first case and CZK 9,650 in the second case. This nrst rate of 0.46 percentage points, ie the mortgage means a payment of 384 crowns per month.

The central bank increased its key annual rate by a quarter of a percentage point in June, with effect from 27 July. Banks will show their products in advance about the final development of their products, also the rate of mortgage rates was not surprising. The two-day NB repo rate currently reaches 3%, which is the highest value since 2002.

The number of new mortgages has been a big dream

Compared to the previous month, there was a very sharp drop in mortgage sales in July. Their total number was less than three thousand, the volume decreased by as much as eight billion crowns. But it’s not just you years that are to blame. In June, mortgage transactions reached their all-time high, and the comparison base is high. There is a clear noticeable seasonal development of the mortgage business, when after the early spring months there is a small and dark silence in summer.

July falls, so Kadoron repeat. The following chart shows the development of the sweat of new mortgages since January last year, the July month is marked in dark. (You know more about how I feel about mortgages during the calendar year here.)

Specific data on the total sweat and volumes of newly agreed mortgages in this year are given in the following table.

Pots and volumes of mortgages provided for financing lived in 2007
mscpoet volume
(in millions of K)
bezen745312 357
April785412 733
kvten943315 698
erven10 78718 720
ervenec619910 711

Source: banks; There are data provided by eleven banks, which represent the absolute fifth of the mortgage market. Their list is given at the end of the line.

The average in mortgages is increasing

The average number of people who are interested in borrowing real estate has been steadily increasing in recent years, and some time ago it exceeded 1.7 million crowns. In the last month, she never dreamed of it outside the years of rates. In the case of mortgages with ron fixac, it even reached the historically highest value, namely two million crowns. Detailed results are given in the table.

Summary for July 2007 (salaries for natural persons)

Fixation time
years rates:

all fixations together1 year5 let


4,67 %

4,46 %

4,94 %

Change compared to the last msci
(b. p.)*
+ 21* + 30 + 25
Prmrn ve hypotky (tis. K)172819931528
Msn spltka 1mil. mortgages for 20 years (K)641863036566
Msn spltka 1mil. mortgages for 15 years (K)773776287876
elovost vr:
According to vr for purchase on the total pot, incl63 %72 %62 %
According to vr for construction on the total sweat, incl24 %19 %23 %
According to other vr on the total sweat vr13 %9 %15 %

Source: Fincentrum
* 21 basis points = 0.21 percentage points


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 returns is provided by the following banks: esk spoitelna, SOB, eBanka, GE Money Bank, HVB Bank, Hypoten banka, Komern banka, Raiffeisenbank, Volksbank CZ, Wstenrot hypoten banka a ivnostensk banka.

The FINCENTRUM HYPOINDEX project mediln supports:

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