MAY 3, 2024 JLM 73°F 03:00 PM 08:00 AM EST
Rate hikes, inflation squeeze mortgage borrowers

Monthly payments on the variable-rate track are rising, while new borrowers will be offered smaller loans.

Globes reports the interest rate hike and the inflation rate in Israel have two main consequences for mortgage loans: those who have mortgages already will have to make higher monthly repayments; and some of those planned to take a mortgage loan will discover that the amount that they can borrow has shrunk. Still, the banks recommend keeping a sense of proportion.

Source - Globes/social media - Image - Shutterstock/Yuri Dondish

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