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kredyt2 min readApril 12, 2026

Mortgage Rates: Is the Fixed Rate Value Going Crazy?

📈 Did you know that mortgage interest rates are rising faster than ever? Check out how banks are reacting to market changes and what it means for you! 🏠

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Atlant Estates
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Mortgage Rates: Is the Fixed Rate Value Going Crazy?

Dynamic Changes in Mortgage Interest Rates

In recent weeks, the mortgage market in Poland has experienced unusually rapid changes. The rates of periodically fixed interest have increased by an average of 0.4 percentage points (pp) in just two weeks. Such a pace of change has not been seen for years, and banks are responding to the new financial realities at different speeds.

The increase in interest rates is mainly caused by external factors, such as rising oil prices and inflation expectations. As a result, many banks are updating their offers, and borrowers must contend with higher costs of fixed-rate loans.

Tip: If you plan to take out a mortgage, monitor bank offers regularly and do not delay your decisions.

Differences in Banks' Reactions

Banks differ in the speed at which they update their offers. Some, like PKO Bank Polski, quickly adjust rates to new market conditions, while others, such as Bank Millennium or BNP Paribas, update their price lists less frequently, which can be beneficial for clients looking for lower rates.

For example, in two weeks, PKO BP raised its base fixed rate by nearly 0.6 pp. Meanwhile, other banks, despite market changes, still offer lower rates, creating opportunities for quick decisions.

Tip: Check how often your bank updates interest rates and plan to sign the contract at a convenient time.

Choosing Between Fixed and Variable Interest Rates

Currently, loans with variable interest rates are gaining attractiveness due to lower initial installments compared to fixed-rate loans. WIBOR (Warsaw Interbank Offered Rate) – the indicator affecting the interest rates of variable loans, has only risen by a few, several basis points.

Therefore, although a fixed rate provides certainty regarding the amount of installments for a specified period, variable-rate loans may be more profitable at the beginning.

Tip: Consider your long-term financial plans before making a decision on the type of loan interest rate.

The Impact of Global Situations on the Polish Market

The rise in oil prices and the uncertain geopolitical situation directly affect financial markets, including the Polish mortgage market. Rising inflation expectations and changes in monetary policy in other countries may lead to further increases in rates in Poland.

Banks must respond to these changes, which often results in higher costs for borrowers. Therefore, it is worth keeping an eye on the international situation, which may affect local lending conditions.

Tip: Regularly check information about changes in international markets and their potential impact on loans in Poland.

Summary

  • Rapid changes in mortgage interest rates are the result of external factors such as oil prices and inflation.
  • Banks differ in their speed of response to market changes, which affects the availability of favorable offers.
  • Variable-rate loans may currently be more attractive due to lower initial installments.
  • The global situation has a direct impact on the Polish credit market, requiring borrowers to be vigilant.
  • Before making a loan decision, it is worth thoroughly analyzing bank offers and market forecasts.