Illustratively, the combination of the interest rate decline and the higher average mortgage amount in May 2025 compared to the 2024 averages increased the average monthly mortgage payment by 1.5k. The drop in mortgage rates of nearly 0.5% points relative to their average level of 5.07% in 2024 has, for an average mortgage size with a typical repayment period of almost 27 years, resulted in a reduction in the monthly repayment of just under CZK 1,200 to approximately CZK 22.5k. CZK. Compared to the average mortgage rate of 5.81% in 2023, the savings due to the interest rate amounted to just under CZK 3,000 for a mortgage at its current average value.
However, the current average mortgage amount is 13% higher than its average amount in 2024, which contributes to an increase in the monthly payment of CZK 2.5k.
Conversely, compared to the average 2.8% mortgage rate for new mortgages in 2019, the current refinancing mortgage rate of 4.57% when the loan maturity is shortened raises the monthly repayments on the average mortgage by approximately more than CZK 1,700, or about 3.8% of the current gross average wage.

CBA Hypomonitor

The first time series reflects the average realized interest rate and the average amount of new mortgage originations from the CBA Hypomonitor.
The second time series for a mortgage of CZK 2.66 million reflects the average mortgage amount from January 2020 according to CBA Hypomonitor.

CBA Hypomonitor

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