Israel Mortgage Blog
Stay up to date with the latest mortgage and real estate updates from Israel. Read through our latest news and blog articles to always be informed.
Bank of Israel Raised Market Rate by 0.4%
In response to continuing inflation, the Bank of Israel decided yesterday to raise the market interest rates to 0.75%, an exceptional 0.4% raise from the prior 0.35%. This is the second recent raise in interest rates in the economy after the previous raise of 0.25% in...
Dira B’hanacha’s Raffle Has Been Postponed
The Ministry of Construction and Housing ("Misrad Hashikun") decided to delay the discounted housing raffles due to the overwhelming number of people trying to sign up at the last moment. Zeev Elkin extended the last day a person can sign up for a Teudat Zakaut to...
Refinancing a Mortgage Loan in Israel
To refinance or not to refinance? That is the question so often heard in the world of mortgage loans today. But what does it actually mean, and how is it relevant (or not) to your situation? We'll answer these questions here to help you make an informed decision based...
Israeli Government’s Best Housing Raffle in YEARS!
For the first time in years, Israel's Ministry of Construction and Housing will soon begin to raffle off over 10,000 discounted housing units in 31 cities. The much-anticipated raffle includes projects initiated by Moshe Kahlon 3-4 years ago (Mechir Lamishtaken),...
Housing on the Rise – Finally a Positive Change
Israel celebrated more than a gold Olympic medal this week, dishing out some gold of its own after finally passing a budget after three-and-a-half long years. Coming up big is Minister Ze'ev Elkin's Ministry of Housing and Construction, which received an annual...
Mortgage Benefits for Olim
Teudat Zakaut Explained - Why You Need One. There exists a relatively unknown government backed discounted rate mortgage loan, with an extra (up over 40,000 NIS!) benefit to olim, with even extra appeal to those who may not necessarily qualify for the bank’s preferred...