The European Central Bank (ECB) has recently stated that despite high interest rates and relaxed checks, the stress in home loans remains manageable. This announcement comes amidst concerns about the impact of these factors on the housing market and overall financial stability.
According to the ECB, while interest rates on home loans have been on the rise, the overall level of stress in the mortgage market is still within manageable limits. This reassurance is aimed at calming fears of a potential housing market crisis due to the combination of high rates and lax lending standards.
