In order to benefit from record-low interest rates for as long as possible, the majority instinctively rely on longer mortgages. “We are seeing the greatest demand for fixed-rate mortgages with a term of six to ten years,” says a spokesman for the Lucerne Cantonal Bank. Longer fixed-rate mortgages are very popular, confirms Daniel Müller from Avobis Hypothekenbörse AG: “What used to be the five-year fixed-rate mortgage is now the ten-year.”
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