The Israeli mortgage banking industry is in the midst of unprecedented times. The Bank of Israel, faced with a soaring real estate market and a steadily appreciating shekel, has found it tough to strike a balance between its attempt to dampen speculation in the red-hot real estate market and keep a stable exchange rate. […]
It is such an exciting time in life when one can finally realize the dream of purchasing real estate in Israel. Whether it is a first home, second home or vacation property, the rule of buyer beware applies.
As with all things in life, you must enter this process with eyes wide open and be […]
The Bank of Israel reports that the average mortgage interest rate fell to a historic low of 2.18% in October from 2.2% in September. The Bank of Israel’s new guidelines on mortgage terms, aimed at raising mortgage costs, will come into effect shortly.
The average mortgage interest rate was 3.53% in August 2009, when the Bank […]