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Floating rate mortgages return after ECB turmoil

Of Leonida Stergiou The goal of Greek banks to increase organic profitability, ie loan and commission income, faces challenges. On the one hand, the rise in interest rates by the ECB significantly boosts banks' interest income. On...

Where do banks see mortgage rates in 2023?

Of Leonida Stergiou The period from the first increase of the ECB interest rates in July to the second in September is crucial in order to determine the response of the markets and to complete the revaluation...

The increase of interest rates on mortgage loans has started

Of Leonida Stergiou Banks have started small increases in fixed mortgage rates, with the first adjustments already appearing on their websites. The increases range between 20 and 40 basis points, depending on the duration of the fixed interest...

At 64% of the commercial value the average mortgage

By Leonidas Stergiou The mortgage market may have been moving at an annual rate of over 30-40% over the last three years, however, disbursements are still low, as total one-year disbursements range from the mediocre to bad...

Borrowers choose fixed rate mortgages

By Leonidas Stergiou According to the provisional data of the banks, since the beginning of the year until today, mortgage loans of more than 300 million euros have been disbursed, of which more than half are connected...

There is an increase in interest rates on mortgages – The reasons

By Leonidas Stergiou This is probably the last time we see mortgages with floating interest rates around 2.5% and fixed interest rates around 3%. Already, the 3-month euribor, with which the majority of Greek banks' mortgage...