Raising the key interest rate: Should you change your mortgage now?

At the beginning of May, the US Federal Reserve raised interest rates by 0.5 percentage points. The European Central Bank announced higher interest rates for the summer. For many homeowners, this was the ultimate warning signal: sooner or later, interest rates will also rise in Switzerland. This can very quickly become a problem for anyone who finances their condominium or single-family home with a so-called Saron mortgage.

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