Average mortgage rates in Czech Republic reach new low of 2.27 percent


Average mortgage rates in the Czech Republic have again fallen, reaching a record low of 2.27 percent in February, according to an index kept since 2003 by financial services providers Fincentrum. The previous low – of 2.34 percent – had been registered in January. The highest figure recorded by Fincentrum was 5.82 percent in August 2008. However, Czech mortgage rates were considerably higher in the first decade after the fall of communism.