Average interest rate on new mortgages

4.43 %
Current value for new mortgages
4.46 %
Last month's value

CBA Commentary

The average realised interest rate on new mortgages fell slightly further to 4.43% in March from 4.46% in February. Its March level is thus 0.25 percentage point lower than the 4.68% rate a year ago, which reduces monthly mortgage payments by around 0.7% of the applicant's net income, i.e. by 0.7 thousand EUR. CZK. By comparison, the average mortgage rate in 2025 was 4.58%, compared to 5.07% in 2024. 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.

Average interest rate on new mortgages

CBA Monitor
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Source of primary data

CBA Hypomonitor, CNB

Category

CBA Hypomonitor

Data frequency

Monthly

Note

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

Related Charts

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

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Comments

CBA Hypomonitor: March continued with a temporary boom in mortgages, thanks to a lower rate of 4.43%.
16. 04. 2026

The average amount of a new mortgage exceeded CZK 4.8 million

Market forces in mortgage rates: the rise in market interest rates has only partially been reflected in mortgage rates. Strong competition in the market is helping.
Jaromír Šindel 15. 04. 2026

Comment by Jaromír Šindel, Chief Economist of the CBA: Mortgage rates are significantly determined by the movement of market interest rates. However, structural factors in the banking market are also important. The CNB's investigation of credit conditions in our analysis helps to explain what factors influence the difference between mortgage and market interest rates deviating from its normal level. The CBA analysis shows that a combination of stronger demand and competition among banks plays a key role. It is the latter that can lead to more favourable rates for clients without undermining market stability. The difference between mortgage rates and market rates that we have been monitoring is therefore mainly dampened by stronger demand, but in an environment of growing competition, which is key. Banks' profitability also plays a role, acting as a corrective mechanism to maintain competitive interest rate spreads but also market stability.

CBA Hypomonitor: February continued with a temporary boom in mortgages, at a rate of 4.46%.
Jaromír Šindel 13. 03. 2026

February ranked among the five strongest mortgage months ever in terms of volume in billions of crowns, but also with a continued strong number of new mortgage originations.

Is the unchanged CNB interest rate at 3.50% a sign of the coming bonanza or the calm before the storm?
18. 12. 2025

Comment by Jaromír Šindel, Chief Economist of the CBA: The central bank did not surprise by unanimously leaving interest rates unchanged, i.e. with the two-week repo rate at 3.50%, for the fifth meeting in a row after a 25bp cut in May. Although the Board did not change its view of the risks and uncertainties surrounding the CNB's November forecast, it did assess the risks to inflation as balanced, given the risks in financial markets and the removal of the renewable energy levy, following November's upside assessment.

CBA Hypomonitor: Lower June rate to 4.56% brought a recovery in new mortgages
15. 07. 2025

In June 2025, banks and building societies granted new mortgages worth CZK 29.4 billion.

CBA Hypomonitor: April stabilized strong mortgage rates at 4.65%
16. 05. 2025

Despite the slight correction, April continued to see strong volumes of new mortgages supported by another slight decline in the average mortgage rate to 4.65%.

CBA Hypomonitor: Spring mortgage boom with a slight drop in interest rates
14. 04. 2025

March continued to see strong new mortgage volumes supported by another slight fall in the average rate to 4.68%