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The Interest Rate on Cooperative Housing Loans Has Increased.
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Banks' interest rates on cooperative housing loans increased in May. Mybanker writes in a press release, based on their interest rate statistics, which monitor banks' prices. The average offered interest rate on cooperative housing loans at the bank increased by 0.2 percentage points to 3.8 percent on average in May. This is the first noticeable increase since November 2023.
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