Shock drop in March's Czech mortgage rates

Conventional thinking in the Czech Republic has been that anyone who hadn't gotten a mortgage yet, or refinanced their old one, was simply too late. And then March happened, which produced the biggest drop month-to-month in mortgages rates since 2015, ending at 2.9 percent. At the same time, the number of people signing up for long-term credit rose by 1,703 to 6,664. Josef Rajdl, chief economist at Fincentrum, told Hospodářské noviny that consumers shouldn't even begin negotiating with any bank whose offer begins with a 3. He said that the gap between bank offers has actually grown because while some of them cut their rates, others had continued raising them."It pays to pay more attention to your choice of bank," he said.