In August 2023, a decrease in the average mortgage in Israel was observed, reaching 1.06 million shekels, compared to 1.12 million shekels in July. This decrease also marks a trend change, with the average mortgage remaining lower than the previous year, where it stood at 1.08 million shekels. Investors took out mortgages with an average amount of 1.28 million shekels, a decrease of about 7% compared to the peak in the previous month. The factors for this decrease include stagnation in apartment prices and the relatively high interest rate, which affect borrowers' ability to take risks. Additionally, over the past 12 months ending in August, there was a significant increase of 34% in mortgage repayments, totaling 51.2 billion shekels. These data indicate a behavioral change in the real estate market, with borrowers tending to prefer lower mortgages and refinancing existing loans.