This is mainly due to the hypothesis, including the share of fixation, in addition to the lower rates due to competitive pressure should occur even in the nearest months. Some banks offer a favorable rate and zero fee to clients who transfer their mortgage to them from another bank.

As in the previous month, in April the average year of mortgage rates, measured by the FINCENTRUM HYPOINDEX indicator, recorded a slight decline. On closer inspection, this decline was mainly due to a further reduction in annual rates for mortgages with a five-year fixation, which now accounts for 61% of all mortgages provided. This confirms, among other things, the effect of the first quarter, when mortgage banks tried to get long-term clients with a favorable length fixation (years of rates, processing mortgages free of charge, etc.).

From last year onwards, the divergence between the annual rates for ptilette and one-year fixation has been observed. The difference was almost 2 tenths of a percentage point and with a high probability this trend will continue in the nearest months. There were changes in the number of financing, where, probably due to the warm weather, the proportion of housing finance increased. An interesting declining trend can be observed for the average in the vera, where the mean value of opt fell below the limit of 1.8 million K.

If there have been slight changes in the meantime for the total years of the rate in April this year, the data on the provided basks are all the more interesting. Compared to last year, their number increased by 1,062 to a total of 6,510. It is still a bag of 17% less than in the same month last year.

Nevertheless, it is a positive signal and a certain improvement compared to the very weak 1st quarter, when according to statistics from the Ministry of Urban Development, mortgage banks negotiated a total of 14,597 mortgages with a volume of K 25.8 billion, ie 8.5% not in the same period. in 2007.

Graf (Zvtit graf)

In the next period, we will not respond sharply to a significant shift in annual mortgage rates, incl. On May 7, the Bank Board of the National Bank unanimously (6: 1) decided to maintain rates at the original level in the base years. And even the slowdown in the growth rate of the Czech economy in the first quarter (expected) should not have a significant impact on the decision-making of the NB on the base years of rates. Should there be an increase in rates this year, most economists anticipate this variant in the second half of this year. The future development of the esk koruna exchange rate is very unknown.

“Above the further development of rates, there are a number of big questions and uncertainties and decision-making levels in the past. According to our opinion, a strong koruna and the risk of slowing down the ability of the central bank to leave the year’s rates until the end of the year unchanged at 3.75%. The risk of this scene is that if there is a sharp correction of the koruna, the NB will have to respond to this change in monetary conditions with the exception of years of rates, “commented the decision of the NB Petr Sklen, chief economist of ATLANTIK FT.

Where can you learn?

The competitive struggle for refinancing mortgages is getting worse. The total number of loans that could be refinanced this year is estimated at 80 thousand, and the volume of these loans could reach 140 billion K. Banks with a smaller share of the mortgage market are very active in this area.

For example, clients considering refinancing may request an offer from Volksbank, which offers a guaranteed annual rate of 4.97% for a mortgage for refinancing with a five-year fixation period. The mortgage is provided by Volksbank without a processing fee.

In the same way, GE Money Bank offers clients a one-tenth of the reduced annual rate and a waiver of the fee. Only refined mortgages with a minimum of fixation are preferred.

SOB clients who apply for a mortgage in the period from 28 April to 6 June 2008 have the right to a fee for the payment of a mortgage.

you at Hypoindex.cz

Pehled nkterch give Fr. hypotkch agreed during the past month is given in the following table:

Summary for April 2008 (salary data for natural persons)
Rate fixation period:all fixations total1 year5 let
HYPOINDEX FINCENTER5,51 %5,64%5,45%
Change from last msci (bp) *-111-4
Prmrn ve hypotky (tis. K)1 7862 1101 626
Msn spltka 1 million mortgages for 20 years (K)6 8876 9586 848
Msn spltka 1 million mortgages for 15 years (K)8 1788 2458 141
elovost vr:
According to vr for purchase on the total pot, incl60 %70 %60 %
According to vr for construction on the total sweat, incl24 %20 %24 %
According to other vr on the total sweat vr16 %10 %16 %

Source: Fincentrum
* 1 basis point (bp) = 0.01 percentage point

Metodika FINCENTRUM HYPOINDEXU

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, GE Money Bank, Hypoten banka, Komern banka, Raiffeisenbank, UniCredit Bank, Volksbank CZ a Wstenrot hypoten banka.

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