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Interest on new mortgages jumped 30%
March 2020
With the economic fallout of the Coronavirus pandemic, the mortgage market has been shaking.
We are seeing more applications from many borrowers to defer mortgage payments, and at the same time, an increase in interest rates offered to borrowers. What are the implications of postponing mortgage payments? What will be the consequences of the mortgage market crisis and how can the State help?
In an article in Calcalist (Hebrew) this morning, Roy Harash, Head of the Real Estate department at EBN, offers his thoughts and insight to help you understand.
To read the article click here!
