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4 Comments
Ah, that’s BoC letting you know that they’re going to shaft you.
lower interest rate?
I used HBR for mortgage, and I have 2.1% rate now. Which is about 1% higher than historical minimum and is still less than 2.3% it was when we signed.
Euribor looked more attractive at the moment when we signed the loan, but I was scared of volatile markets. My logic was that if HBR goes unexpectedly too high, I always can refinance via Euribor (because it’s a wider market), but switching from Euribor to HBR is hard, because it’s specialty rate which you can’t apply freely.
Hellenic raised my interest rate two months ago, and im seeing in the app that the next recurring payment for my loan is even higher than last. So they raised it again this month.
Wtf is happening with these banks? The European bank hasn’t hiked rates in months, and supposedly they’re close to slashing the rates, yet the local banks here keep raising them.