Homebuyers took NIS 4.5 billion in new mortgages in March, 5% more than February.
Homebuyers took NIS 4.5 billion in new mortgages in March 2014, 5% more than in February, the Bank of Israel reported today. The amount of new mortgages was the highest since December 2013.
Fixed-interest mortgages totaled NIS 1.88 billion, 3.1% more than in February, and variable interest mortgages totaled NIS 2.6 billion, up 6.3%. Variable interest mortgages accounted for 58% of total mortgages in March, up from 57.3% in the preceding month.
Published by Globes [online], Israel business news - www.globes-online.com - on April 13, 2014
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