Average interest rate on new mortgages

Last month's value

Average interest rate on new mortgages

CBA Monitor You can hide a data set by clicking on the data set name in the chart legend.
For download:
CBA Commentary
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.
Source of primary data
CBA Hypomonitor, CNB
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
Category
CBA Hypomonitor
Data frequency
Monthly
Related Charts
Number and volume of new mortgages granted without refinancing and increases
Interest rates on new loans
CBA forecast: CNB interest rate
Comments
Is the unchanged CNB interest rate at 3.50% a sign of the coming bonanza or the calm before the storm? ilustrační foto
Is the unchanged CNB interest rate at 3.50% a sign of the coming bonanza or the calm before the storm?
18. 12. 2025
5 min. reading
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.
show
CBA Hypomonitor: Lower June rate to 4.56% brought a recovery in new mortgages ilustrační foto
CBA Hypomonitor: Lower June rate to 4.56% brought a recovery in new mortgages
15. 7. 2025
10 min. reading
In June 2025, banks and building societies granted new mortgages worth CZK 29.4 billion.
show
CBA Hypomonitor: April stabilized strong mortgage rates at 4.65% ilustrační foto
CBA Hypomonitor: April stabilized strong mortgage rates at 4.65%
16. 5. 2025
10 min. reading
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%.
show
CBA Hypomonitor: Spring mortgage boom with a slight drop in interest rates ilustrační foto
CBA Hypomonitor: Spring mortgage boom with a slight drop in interest rates
14. 4. 2025
10 min. reading
March continued to see strong new mortgage volumes supported by another slight fall in the average rate to 4.68%
show