Average mortgage rate drops for 10th straight month

The average mortgage interest rate in the Czech Republic fell to 1.94 percent in January from 1.96 percent in December. The average rate has fallen for 10 straight months, Fincentrum Hypoindex data show.

In January, the volume of mortgages provided fell by more than 4.5 billion crowns compared to December last year. However, the volume of agreed mortgages increased by more than 8 billion crowns year-on-year.