3 ms·
Mortgage rates of 1.x% probably didn't help.
by giarc 4y ago
Mortgage rates of 1.x% probably didn't help.
- tiborsaas 4y agoYearly 1% is very cheap, we have around 6% in Hungary :)
- giarc 4y agoWe are now up to ~4.5% for fixed interest mortgages and ~2.5% for variable rate mortgage. But in the depths of the pandemic, the rates went near 0.
- retcon 4y agoAnd that's at your lower bound. Here's why: Edit putting this here as intended Viktor Orban's Bank" Financial Times feature of this morning. https://archive.ph/tINOK https://archive.ph/tINOK This won't help "Hungary Loses the trust of its European neighbours"https://archive.ph/rXucw https://archive.ph/rXucw. Also FT earlier . I contrast these articles because Orban ended foreign currency and foreign banks mortgage loan supply and nationalized the risks, now linking domestic mortgages to the political situation which is for everyone now a reckoning but any reckoning Orban isn't the best prepared for.