Previous post Next post

Swiss mortgage rates climb in 4th quarter

20 Minutes.

After reaching a historical low in the third quarter of 2016, rates started rising in the fourth quarter. Rate increases hit mortgage tenors of five and ten years.

Swiss-mortgage-rates

© Ashumskiy | Dreamstime.com - Click to enlarge

Compared to Q3, fixed mortgage rates on loans of ten years went up an average 0.2% to 1.62% according to price comparison website Comparis.ch. Five year fixed rate loans went up from 1.08% to 1.14%. While loans with a term of one year remained stable at around 1%.

Mortgage rates remain low, however the direction of rates may have changed. In Q3 2016, five year fixed rates fell 0.06% and ten year rates by 0.02%.

Rates have been inching up since the election of Donald Trump as the next US president. An interest rate rise by US Federal Reserve late last year has had a global knock on effect. According to 20 Minutes, a number of market commentators see rates stabilising. Comparis.ch says a strong rise is unlikely.

More on this:
20 Minutes article  (in French)  – Take a 5 minute French test now

 

Full story here
About Le News
Le News
The newspaper Le News is a free, quality, local English language newspaper launched on 31 October 2013. Le News fills a gap in local Swiss media for the numerous English-speakers living and visiting Switzerland. In late January 2015 we decided to put our print medium on hold and focus on our digital media presence.
Previous post See more for 3.) Personal Finance Next post
Tags: ,,,,

Permanent link to this article: https://snbchf.com/2017/01/swiss-mortgage-rate/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.