What are the current mortgage rates in Poland?
The table below shows mortgage rates from leading banks in Poland for home-buyers with 10% deposit.
The above rates may not be suitable for your circumstances and might not be available when you’re ready to submit an application.
The table below shows mortgage rates from leading banks in Poland for home-buyers with 20% deposit.
The above rates may not be suitable for your circumstances and might not be available when you’re ready to submit an application.
You can use Mortgage Repayment Calculator to calculate your monthly mortgage payments.
It is very important to look at mortgage fees and the bank’s criteria when choosing the best mortgage deal.
Historical interest rates in Poland. Where are we now?
The current National Bank of Poland base rate is 5.75%.
The base rate is the main factor, which influences the interest rate that banks charge for mortgages. It also has the main impact on WIBOR, which tends to rise and fall directly in line with the base rate. WIBOR is the basic component of the interest rate in variable rate mortgages (WIBOR + bank’s margin = mortgage interest rate). At the time of writing, WIBOR is 5.85%.
The chart below shows how the National Bank of Poland base rate and average mortgage rates in Poland changed over time.
What next for interest rates?
Most financial analysts predict that interest rates will fall next year but the truth is that nobody knows. There are so many factors at play that can and will affect interest rates that even the most skilled financial analysts can only make an educated guess.