US EditionA Sudden Increase in Loan Costs. Banks Are Changing Their Offers Almost Overnight.
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The war in the Middle East has caused turmoil in the mortgage market and changed interest rate forecasts in Poland. Instead of the expected rate cuts, the risk of interest rate increases is growing, which could increase the cost of variable-rate mortgages.
The end of cheap mortgages? Banks are changing their offers - RMF24.pl - In the past few days, banks have raised interest rates on mortgages, especially fixed-rate loans. This is a result of global tensions and rising inflation expectations, which is already having an impact.
Iran is 3,000 km from Poland, yet what's happening there is having a significant impact on the Polish economy. We've examined the forecasts of financial institutions for our country and it's clear what economists fear most. Economic growth, for now, remains beyond these concerns.
The war in the Middle East is taking its toll on Poles' wallets. In the past few days, interest rates on fixed-rate mortgages offered by banks have risen significantly, meaning installments are up to several hundred złoty higher.
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