Czech National Bank increased the interest rates and it has already impact on the mortgages

At the beginning of August Czech National Bank increased the interest rates after almost 10 years of declining and stagnating trend. The incresing was not too much significant - only 0.20%.

However, the banks as mortgage providers have already reacted on this change and increased the interest rates. Some banks are still waiting on another market change, but it is very likely that the other banks will follow these banks during the upcoming months.

The market conditions remain still very positive and friendly, but it seems that the stable trend has already changed and we can expect a new trend of slightly increasing interest rates.