Bank of Israel warns on mortgage risk
Posted on 14. Jul, 2010 by buyitinisrael in Israel Real Estate, Mortgages
The Bank of Israel today warned about the possible effects of interest rate hikes on the mortgage market and about possible consequences of a substantial fall in home prices. The warning appear in excerpts from the “Annual Survey of Israel’s Banking System, 2009″, which focuses on stress tests for banks.
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