Mortgage taking in 2020 breaks new document

The primary 11 months of the yr noticed mortgages totaling NIS 70 billion taken, which was greater than the NIS 68 billion taken in mortgages in all 12 months of 2019.

2020 has seen mortgage taking in Israel attain a brand new document, the Financial institution of Israel studies. The primary 11 months of the yr noticed mortgages totaling NIS 70 billion taken, which was greater than the NIS 68 billion taken in mortgages in all 12 months of 2019, which was itself a document yr for mortgage taking, the Financial institution of Israel studies.

Many individuals who had been anticipated to take mortgages in December could postpone doing so till the brand new Financial institution of Israel directions permitting the next proportion of linked rates of interest comes into impact.