Mortgage loans can fall by up to PLN 700 per month

For many borrowers in Poland the coming months can bring crucial financial relief. Analyst forecasts presume that variable-interest mortgage payments can fall by up to PLN 700 per month – at the credit for PLN 500 thousand. The key origin behind this projected trend is expected decrease of WIBOR 3M from current 5.17% to 3.64% within the next 9 months.

WIBOR loses value – borrowers gain

We're already watching. fall of WIBOR indicatorswhich service as a basis for calculating the interest rate on most mortgage loans in Poland. WIBOR 6M decreased from 5.75% to 5.17%, a WIBOR 3M from 5.85% to 5.48%. This is simply a signal that the marketplace expects to further loosen monetary policy in the average term. The decline of these indicators is already translated into lower credit costs for any borrowers, in peculiar those whose contracts are based on updates all 3 or 6 months.

The Monetary Policy Council can lower its rates in 2025

The focus is besides on policy by Monetary Policy Council (PRP)chaired NBP president Adam Glapiński. RPP signals that possible first interest rate reductions inactive in the first half of 2025. Key decisions in this area may already be made May Council meeting.

Such a declaration means that both the interbank marketplace and consumers can realistically anticipate a continuation of the downward trend in credit costs. The variable interest rate, which has been a origin of uncertainty for borrowers over the years, can yet produce affirmative results.

Importance of the real property and home budget market

Any reductions in credit instalments may have significant consequences not only for borrowers themselvesbut besides for the full real property market. Lower instalments can increase the creditworthiness of many households, which in turn may translate into greater request for the acquisition of housing and homes – especially in the primary market.

For those already paying loans, real reduction of monthly charge by up to respective 100 PLN means an chance to improve financial liquidity, greater flexibility in the home budget, and in many cases just intellectual relief.

Careful optimism, but no time for excessive enthusiasm

Although optimistic, experts inform against excessive hurraoptimism. WIBOR is simply a marketplace indicator and its amount depends, among others, on inflation, monetary policy and the global situation. The variability of these factors makes the assurance in the scale and durability of inheritances limited despite affirmative forecasts.

In addition, many borrowers over fresh years have re-funded their liabilities or over-remunerated on a permanent basis – for them, changes in WIBOR will not have a direct ratio.

Everything indicates that 2025 can supply long-awaited relief to borrowers with variable interest rates. The falling WIBOR indicators and possible RPP decisions to reduce interest rates give a real chance for lower instalments of housing loans. For many families this means better control of the home budget and fresh hope after a hard period of advanced backing costs.

However, it is worth keeping an eye on the decisions of the central bank and the changes in the financial marketplace – due to the fact that although the direction of change seems positive, the way to stableness may inactive be long.