Rate hikes, inflation squeeze mortgage borrowers
Monthly payments on the variable-rate track are rising, while new borrowers will be offered smaller loans.
Newsrael News Desk 26.08.2022
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
Did you find this article interesting?