The average realised interest rate on new mortgages fell further to 4.68% from 4.72% in February. Its reduction thus confirms the downward trend below the 5% last seen in July 2024. Its March level is thus 0.51% points lower than the 5.19% rate a year ago, reducing monthly mortgage payments by around 1.4% of the applicant's net income, i.e. by CZK 1.2k. CZK. By comparison, the average mortgage rate in 2024 was 5.07%, compared to 5.81% in 2023. Hypomonitor's history since 2020 shows its lowest point at 1.95% in January 2021 and its highest point at 5.98% in December 2022.
Source of primary data
CBA Hypomonitor
Note
In the case of the CBA rate, this is the negotiated interest rate per annum. In the case of the CNB rate, this is the negotiated rate converted to an annualised basis (the annualized AAR rate). A more detailed breakdown of the CBA Hypomonitor data is available in its monthly data supplement, see: https://www.cbamonitor.cz/publicistika/soubory/cba-hypomonitor-data