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.
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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