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Average mortgage interest rate up to 4.2% in August.

Asia Africa Intelligence Wire

| August 28, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Israel Business Arena)

Byline: Zeev Klein

Mortgage interest rates are presaging an expected interest rate hike by the Bank of Israel in a few months. The average interest rate on index-linked mortgages rose by 0.03% in August 2005 to 4.2%. The average interest rate on index-linked mortgages rose by 0.06% in July-August.

Nevertheless, the average interest rate on index-linked …

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