UniCredit raised mortgage interest rates
UniCredit raised mortgage interest rates by half a percentage point. Three weeks ago, it cut them to an all-time low of 0.59%. Other banks have not yet raised their official interest rates. Analysts do not expect significant rate hikes for mortgages or consumer loans, as ECB rates remain low and funding plentiful. Banks, however, only provide mortgages for up to 60% of real estate value, as they expect prices to fall.