Despite higher market interest rates, the average realised interest rate on new mortgages remained at 4.48% in November after falling in October, stabilising a downward trend below the 5% last seen in July 2024. Its November level is therefore 0.37 percentage points lower than the 4.85% rate a year ago, reducing monthly mortgage repayments by around 1% of an applicant's net income, or CZK 9,900. 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.

CBA Hypomonitor, CNB

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

CBA Hypomonitor

Monthly

Number and volume of new mortgages granted without refinancing and increases
Interest rates on new loans
CBA forecast: CNB interest rate