CBA Commentary
Illustratively, the impact on the average monthly mortgage payment is around CZK 25.6 thousand. The combination of the fall in interest rates and the higher average mortgage amount in March 2026 compared to the 2025 averages increased the average monthly mortgage payment of a newly granted mortgage by CZK 2.8k. The drop in mortgage rates by almost 0.2% points compared to their average level of 4.58% in 2025 brought, for an average mortgage size with a typical repayment period of almost 27 years, a reduction in the monthly repayment of less than CZK 400 to approximately CZK 25.6 thousand. CZK. Compared to an average mortgage rate of 5.07% in 2024, the saving due to the interest rate amounted to just under CZK 1,800 for a mortgage at its current average value.
However, the current average mortgage amount is 14% higher than its average amount in 2024, which contributes to an increase in the monthly payment of CZK 3.2k.
Conversely, compared to the average 2.8% mortgage rate for new mortgages in 2019, the current refinancing mortgage rate of 4.16% when the loan maturity is shortened raises the monthly repayments on the average mortgage by almost CZK 1,300, or about 2.6% of the current gross average wage.
Illustrative average monthly mortgage payment
Source of primary data
CBA HypomonitorCategory
CBA HypomonitorData frequency
MonthlyNote
The first time series - red - reflects the average realized interest rate and the average amount of new mortgage originations from the CBA Hypomonitor.The second time series - orange - for a mortgage of CZK 2.66 million reflects the average mortgage amount from January 2020 according to the CBA Hypomonitor.
The difference between the red and orange ted reflects the impact of the different mortgage amount over time compared to the average January 2022 mortgage amount (2.66 million).
