Interest rate increased by an additional 0.75%; mortgage borrowers expected to pay tens of thousands of shekels more
The sharpest rate of increase in the past 20 years brings the prime interest rate to 3.5 percent, only 4 months ago it was 1.6...
Tag: mortgage rates
As demand for homes in Israel plummets, prices continue to soar
The past week has left residential real estate experts confused. While there has been a dramatic decline in demand for homes, home prices continue to...
How will the Bank of Israel’s interest rate increase impact the real estate market?
For the first time in four years, the Bank of Israel announced that it will be increasing interest rates. What does this mean for borrowers...
An ambitious reform to ease the process of taking a mortgage in Israel
Set to cross the NIS 100 billion mark in 2021, the Israeli mortgage market is thoroughly enjoying the soaring real estate prices. However, the Bank...
Mortgage market in Israel hits record levels in 2020 — with a significant rise in risk level
In 2020, banks in Israel loaned a whopping total of NIS 78 billion for housing – an increase of 12% from the previous year. At...