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Old 07.02.2014, 12:16
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Fixed rate mortgages on the rise?

Got an email from comparis the other week:

"Mortgage interest rate increased greatly in 2013. Prices for fixed mortgages rose by up to 35 percent by year´s end. This is shown in the Mortgage Barometer from comparis.ch. The period of record-low interest rates is over for the time being.

The benchmark interest rate for a 10-year mortgage climbed from 2.0 to 2.7 percent between January and December. And so for many home owners the psychological pain threshold has been exceeded. They want a shorter financing period and increasingly prefer medium-range terms with less than 2 percent interest. The proportion of 4 to 6 year term lengths was already 31 percent in the fourth quarter of 2013 – nearly double that in summer.

Stabilisation of interest rates at the higher level is expected for the near future. The reason for this are monetary policy announcements by the Swiss National Bank and the US Federal Reserve."
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