On Tuesday, five-year mortgage interest rates stood at 1.35% and ten-year mortgages at 1.73%, up 0.15 and 0.18 percentage points respectively since early March. .
Interest rates on 10-year fixed mortgages have hit a new high since the war in Ukraine broke out. Moneyland specialists expect a tightening of monetary policy and a rise in rates.
On Tuesday, five-year mortgage interest rates stood at 1.35% and ten-year mortgages at 1.73%, up 0.15 and 0.18 percentage points respectively since early March. . In mid-February, the former already reached 1.38% and the latter 1.66%, according to the Moneyland index published on Wednesday.
How the US Federal Reserve, European Central Bank and Swiss National Bank behave will depend on how the war in Ukraine unfolds. This “continues to fuel already high inflation, which argues for a tightening of monetary policy,” said Felix Oeschger, analyst at moneyland.ch.
Switzerland might also soon experience a rate hike. “High inflation in the United States and Europe has the potential to push up Swiss mortgage rates,” added Oeschger.
