by 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. © 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 Related posts: European and Swiss stocks higher on bank rally Negative interest pushes Switzerland’s 2016 budget into positive territory Roche CEO worried about U.K.
Topics:
Investec considers the following as important: Editor's Choice, Featured, Mortgage rates Switzerland, newsletter, Personal finance, Property, Swiss Markets and News
This could be interesting, too:
Investec writes Swiss to vote on tenancy laws this weekend
Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21
Charles Hugh Smith writes How Do We Fix the Collapse of Quality?
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
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.
© 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
Tags: Editor's Choice,Featured,Mortgage rates Switzerland,newsletter,Personal finance,Property