Expensive mortgages in the Czech Republic hit those who bought an apartment during a time of low mortgage rates, when they fell to 1.5%, even harder than first-time buyers. Rates are now 6%, and for every million of mortgages, monthly payments increase by about 2,000 crowns, according to the Czech Banking Association. About 90,000 people expect to refinance their mortgages this year. At the moment, those interested in buying an apartment are mainly financially secure investors who come either with an already issued loan or with money. And sellers are not yet ready to make discounts.