Average Czech mortgage rate drops to 2.21 pct, interest in housing loans at 15-month high

The average interest rate on a Czech mortgage fell to 2.21 percent in June, when interest in obtaining a mortgage reached its highest level since November 2018, according to the Fincentrum Hypoindex.

The volume of provided mortgage loans increased by almost 4.5 billion crowns in June compared to May and approached 21 billion crowns.

Most retail banks reduced their mortgage rates this year following the lead of Česká spořitelna, the ČSOB Group and Komerční banka. The average mortgage loan provided amounted to CZK 2,748,954, according to ČTK.