Decline in mortgage sales is mainly of macroeconomic nature - Jastrzebski, KNF

The decline in mortgage loan sales is mainly of macroeconomic nature, says Jacek Jastrzębski,  Chairman of the Financial Supervisory Commission (KNF). There is still a lot of uncertainty in the financial markets, and the KNF is not changing its approach to the size of the buffer in the process of assessing customers' creditworthiness but sees room for discussion on the buffer for fixed-rate loans. 

"The decline in sales in the mortgage market is mainly macroeconomic in nature (...), it is a result of the general macroeconomic situation rather than a consequence of supervisory authorities’ actions alone," Jastrzębski told Radio Tok FM. 

"There is still a very high risk of volatility in the financial markets (...), nothing has justified a change in the interest rate buffer approach for credit assessment purposes," - he added. 

Source: PAP