04 January 2024 14:17
Fixed-rate mortgages are currently more attractive than Saron mortgages with adjustable interest rates. According to one, it works Media release from the comparison portal Comparis created mortgage barometer for the fourth quarter of 2023. Accordingly, the realization seems to be gaining ground that the provisional peak in interest rates has been reached.
The Swiss National Bank (SNB) contributed with its decision to leave the key interest rate unchanged at 1.75 percent for the second time in a row. The inflation rate has been well below the 2 percent upper limit targeted by the SNB for months. It is also said that there is already speculation on the market about the first cuts in key interest rates.
“The hope that key interest rates will no longer rise or fall is expressed in significantly falling capital market interest rates and swap rates, which make refinancing banks significantly cheaper,” Comparis financial expert Dirk Renkert is quoted as saying. “This means that fixed-rate mortgages are now significantly more attractive than Saron mortgages for the first time .”
According to the information, the proportion of Saron mortgages taken out with the Comparis mortgage partner has increased HypoPlus significantly reduced in the past three months. While around one in four mortgage borrowers opted for a Saron mortgage in the first nine months of the year, in the last three months it was only around one in six.
In contrast, the proportion of four- and five-year fixed-rate mortgages has increased significantly. Around one in five people opted for fixed-rate mortgages with medium terms in the first nine months of the year. This proportion increased to around a third of all transactions in the past three months. The proportion of ten-year and longer-term fixed-rate mortgages remained almost unchanged at around 40 percent. ce/gba
2024-01-04 15:25:00
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