Categories: Market

What will the SNB’s decision change?: Housing interest rates rise to the highest level of the year

class = “sc-cffd1e67-0 iQNQmc”>

1/6
“Historically an exception”: Sarong mortgages are more expensive than fixed-rate mortgages.
Milena KalinEconomics Editor

The average interest rate for two-year fixed-rate mortgages is 2.29 percent. These climbed to a new annual high, comparison service moneyland.ch reported. Property owners cannot be very happy with this situation.

Longer-term fixed-rate mortgages are still just below the annual high. The interest rate for five-year-olds is 2.23 percent and for ten-year-olds it is 2.33 percent. There have been ups and downs since the beginning of the year.

More about mortgages
Research warns homeowners
Why does getting a Saron mortgage remain a risk?
Checklist before hippopotamus ends
What you need to know about financing your homeownership
Raiffeisen CEO on the real estate market
Do you prefer Saron or fixed-rate mortgages, Mr. Huber?
What is the competition doing?
Zurich Insurance does not give new mortgages
Reference interest rate remains stable
This is what the decision means for tenants and landlords

What’s special: With an interest rate of 2.59 percent, Sarong mortgages are currently more expensive than fixed-rate mortgages. According to the comparison service, this is a “historically exceptional phenomenon”.

Mortgage specialist Moneypark also sees risks in taking out a Saron mortgage. Since November of last year, the benchmark interest rate on ten-year fixed-rate mortgages has been an average of 13 basis points lower than on Saron mortgages.

Depending on the development of inflation

The question is how long it will stay that way. As long as the Swiss National Bank (SNB) leaves its base interest rate at 1.75 percent, benchmark rates for mortgage interest rates will not change much. The next decision will be made tomorrow, Thursday, March 21.

Inflation data at least suggest that interest rates will fall again soon. Inflation fell to 1.2 percent in February and is therefore within the SNB’s target range. For the full year, federal economists now expect inflation to be just 1.5 percent, instead of the previous 1.9 percent. But inflation still represents a huge uncertainty.

When will the SNB turn the interest rate screw?

Experts think the SNB will not turn the interest rate screw until June. Moneyland analyst Felix Oeschger (32) says: “If this is the case, the most likely scenario is that interest rates on fixed-rate mortgages in Switzerland will move sideways over the next few months.” According to Moneypark, two-thirds of mortgage lenders expect stable capital markets interest rates over the next three months and even predict a decline in interest rates for all periods in the third quarter.

Saron mortgage holders can benefit from interest rate cuts: “The fact that many economists expect three interest rate cuts this year suggests that Saron mortgages will be significantly cheaper at the end of the year,” says Benjamin Manz (42). Managing director of moneyland.ch. If the first rate cut comes next Thursday, there will be huge pressure on mortgage providers to cut interest rates as well.

external content
Would you like to see this additional content (Tweet, Instagram, etc.)? If you agree to the setting of cookies and the transmission of data to external providers, you can allow all cookies and view external content directly.

Source :Blick

Share
Published by
Tim

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago