Polish lenders have reached a standstill on variable-rate mortgage pricing, with the market split evenly between banks raising and lowering their margins.
According to a July review by Bankier.pl, two banks increased their rates while two others cut them, leaving the majority of lenders holding the line on pricing.
The lack of broad movement suggests that banks are hesitant to adjust terms significantly despite ongoing pressure on margins.
This pricing stagnation in Poland reflects a wider pattern across European housing markets, where high borrowing costs continue to weigh on activity.
In the US, mortgage application volumes have declined as rates remain trapped in an elevated range, signaling a persistent lack of enthusiasm among borrowers.
Similarly, UK house prices have stalled, with recent data showing that even marginal declines in mortgage rates have failed to provide meaningful relief to a market burdened by inventory gluts.