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Most experts expect the central bank’s key interest rate, the reference rate, to peak later this year. Polls have shown this. Next year, the situation should soften further and interest rates should fall again.
Unlike the Saron mortgage, the interest rates on fixed-rate mortgages are based on the yield on federal bonds. As a rule, long-term interest rates are higher. Medium and long-term interest rates have already been declining since the beginning of the year. Whether you can expect further relief here remains to be seen. It should continue to be worth sticking with the Saron mortgage.
Unlike a new flat-rate mortgage, you’re probably still paying less and can get a buffer by setting aside the money you’ve saved.
Mortgage Affordability Calculator template in Guider
Are you looking to buy an apartment or house and are wondering if it is financially right for you? Observer subscribers can use the “mortgage affordability calculation” template to see what the financial burden looks like in a given situation.
Mortgage Affordability Calculator template in Guider
Are you looking to buy an apartment or house and are wondering if it is financially right for you? Observer subscribers can use the “mortgage affordability calculation” template to see what the financial burden looks like in a given situation.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
