Interest Rate Rises

Keep your eye on the interest rate, which jumped 50 basis points from 2.5% to 3.0%. The inflation rate was higher than the 1-3% that was the estimate and therefore the Bank Of Israel wants to keep a close eye on an inflation run.

Additionally, the housing prices continue to rise, but it seems to still have little to no impact on the applications for mortgages.

One suggestion would be to approve the new building in Judea and Samaria. The availability of more housing may normalize the prices instead of the continuous rise of prices due to a lack of housing.