Full coverage· Economy· Updated
Mortgage Lending Remains High Despite Jewish Holidays
Israeli mortgage lending for housing in September was NIS 8.66 billion, a seasonal drop of 20.5% from August due to the Tishrei holidays. However, daily lending activity increased, showing stable market demand. Year-to-date lending is up 12% from last year, exceeding 2021 and 2022 levels.
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What happened
- 01September mortgage lending totaled NIS 8.66 billion, a seasonal 20.5% drop from August.
- 02Daily lending activity rose 3% despite holidays, indicating stable market demand.
- 03Year-to-date mortgage lending is up 12% from last year, surpassing previous records.
- 04Public preference for prime-rate mortgage tracks increased to 26%.
- 05Index-linked mortgage tracks remained at a low of 8%.
Borrowers are increasingly favoring prime-rate tracks over index-linked ones.
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