Some 13% households will pay higher mortgages
Interest rates will change for about half of mortgages in the next three years, and monthly installment will increase for 13% of households, the central bank NBS noted. The increase in mortgage rates from less than 1% to 4.5-5% will mean an increase in monthly installments of up to €100 for most loans (currently the average monthly repayment is €270). Only 15% of loans will saw a hike of over €200. This will increase household expenses by 7% on average; Slovaks’ nominal wages are also rising at a fast clip. Therefore, the NBS does not perceive the growth of loan repayments as a significant risk to financial stability.
(teraz.sk)
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