Risk of interest rate hikes. What about loan installments?

Current expectations of interest rate hikes are increasing fixed-rate mortgage costs, which are nearly 1 percentage point higher than variable rates. A recent analysis shows that in one bank, the fixed-rate mortgage payment is 315 PLN higher than the variable-rate equivalent. Preliminary inflation data for October has led to declines in FRA contracts, indicating reduced but not eliminated risks of rate hikes. Experts predict that if WIBOR 3M rises to 4.66%, the average mortgage payment for a 500,000 PLN loan over 30 years could increase by 245 PLN. The gap between fixed and variable rates has widened, with some banks offering fixed rates at 6.5% compared to 5.52% for variable rates, reflecting the anticipated risks of future rate increases.