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Mortgage rate stagnates as market cools

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Average mortgage rates in the Czech Republic ceased climbing in May on the back of banks’ springtime campaigns to attract new clients. Meanwhile the overall number of mortgages signed indicates that the market is cooling down, reported. Last month the average monthly mortgage rate in the Czech Republic was 2.51 percent, the same rate as for April, according to market analysts Fincentrum, whose data is based on the real values of freshly agreed contracts, including refinancing.

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