Five-year fixed-rate mortgage rates increased by 0.26 percentage points to 2.79 percent. That’s the result of an analysis published Thursday by the Comparison Group’s mortgage specialist HypoPlus. HypoPlus compares the reference rates of approximately 50 banks.
Saronic mortgages also became more expensive. The Saron rate rose 0.5 percentage points to 1 percent in the fourth quarter following the Swiss National Bank’s (SNB) interest rate decision. Including the Saron reference margin of 0.96 percent, this results in an annual interest burden of approximately 2.0 percent for Saron mortgage loans.
A third of homeowners are considering changing their mortgage model, given changing interest rates, according to a survey also published by Comparis. About one-third (63 percent) have a fixed-rate mortgage only, while about 15 percent of cases have a combination of a flat-rate mortgage and Saron. Also, given rising interest rates, more than a quarter of respondents want to reduce their mortgage debt faster.
(SDA)