Construction mortgages at the bank are up to 21 percent from 17 per cent. Tough conditions At Kenya Commercial Bank, interest rates have gone up to 20 per cent from 14.9 per cent with a further stringent condition that an individual should have a net of Sh300,000 as a basic qualification for any mortgage. A customer at KCB is now required to pay Sh100,000 as monthly premium for a Sh5 million house for a minimum period of ten years. Prior to the revision, the cost was between Sh15,000 and S20,000 less. At Housing Finance, the interest rates currently average 21 per cent after the review, a trend that is across all the banks. On Friday, the Central Bank sought to inject Sh6 billion into the money markets through reverse repurchase agreements, saying liquidity was skewed in the money market. Traders say the CBK may be seeking to help smaller lenders, who have found it difficult to borrow from larger counterparts after the seizure of a second-tier bank last month. It’s not clear if the CBK action would help contain surging interest rate by banks. However, analysts say high rates are not expected to ease out soon as a tight Central…