Among the factors that influence mortgage interest rates are inflation, economic growth, monetary policies, the bond market, the stability of lenders, and the overall conditions of the housing market. It can be seen that the mortgage interest rate in Hungary decreased overall with some fluctuation until the last quarter of 2021. Following an increase, it reached a value of 8.87 percent as of the second quarter of 2023. This was part of an overall trend of increasing mortgage interest rates in Europe.
Mortgage interest rate in Hungary from 1st quarter 2013 to 2nd quarter 2023
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European Mortgage Federation. (November 30, 2023). Mortgage interest rate in Hungary from 1st quarter 2013 to 2nd quarter 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/614996/mortgage-interest-rate-hungary-europe/
European Mortgage Federation. "Mortgage interest rate in Hungary from 1st quarter 2013 to 2nd quarter 2023." Chart. November 30, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/614996/mortgage-interest-rate-hungary-europe/
European Mortgage Federation. (2023). Mortgage interest rate in Hungary from 1st quarter 2013 to 2nd quarter 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/614996/mortgage-interest-rate-hungary-europe/
European Mortgage Federation. "Mortgage Interest Rate in Hungary from 1st Quarter 2013 to 2nd Quarter 2023." Statista, Statista Inc., 30 Nov 2023, https://www.statista.com/statistics/614996/mortgage-interest-rate-hungary-europe/
European Mortgage Federation, Mortgage interest rate in Hungary from 1st quarter 2013 to 2nd quarter 2023 Statista, https://www.statista.com/statistics/614996/mortgage-interest-rate-hungary-europe/ (last visited August 25, 2024)
Mortgage interest rate in Hungary from 1st quarter 2013 to 2nd quarter 2023 [Graph], European Mortgage Federation, November 30, 2023. [Online]. Available: https://www.statista.com/statistics/614996/mortgage-interest-rate-hungary-europe/