Czech mortgage rates

After last week's reduction in the Czech base rate back down to 3.5% now could be a good time to get a mortgage in the Czech Republic at a good fixed rate.

My view is that not all the banks will pass this rate reduction on to their mortgage products, as it is widely expected that at some stage in the not too distant future rates will increase again as there is still inflation present in the economy.

Typical rates for foreigners before the reduction were around 5 - 5.5%.

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