Insurance and pension funds more attractive than banks General shows that - the end of March 2015 -

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Zurich - The free fall in mortgage rates in Switzerland for the time being braked. According to a further decline in January, the mortgage interest rose slightly until the end of March. This shows the current Mortgage Barometer by the Internet comparison service comparis.ch. Good negotiating settled early in the first quarter of 2015 mortgage statements by 1 percent made with ten-year maturities.
A decision by the Swiss National Bank made in mid-January that the already low mortgage rates again made a diver. With the abolition of the minimum exchange rate against the euro franc lowered the Swiss National Bank (SNB) as a further measure to the weakening of the Swiss franc the interest rate on bank deposits to minus 0.75 percent. Thus ten year maturities in the first few weeks after leaving SNB decision - assuming good credit and skilful negotiations - finish less than one percent. The average indicative interest rate for ten-year rightmove fixed-rate mortgages fell to 1.5 percent. After that, interest rates rose again until the end of March.
Long-term mortgage further the "psychological threshold of pain" A view of the current Mortgage Barometer by comparis.ch shows in detail: The indicative rates for ten-year fixed-rate mortgages climbed in the first quarter rightmove from 1.8 percent to 1.9 percent. "Who compares and negotiated well, can ten year maturities currently conclude at an interest rate of 1.5 percent," says the banking expert by comparis.ch, Marc Parmentier. End of the quarter the indicative interest rates on five-year fixed-rate mortgages are back on their deep level of 1.3 percent. So they are only slightly above the level of the one-year maturities, the rate fell from 1.3 to 1.2 percent.
Parmentier summarizes: "The rightmove mortgage maturities to 10 years move despite the rise continued under the psychological pain threshold of 2 percent. They remain historically low and the conditions for homebuyers and homeowners, which currently renewing their mortgage, are still extremely low. "
Negative interest rightmove rates caused increases in long-term mortgage rates on the demand side, increased in the first quarter 2015, the trend towards long-term maturities at fixed-rate mortgages. Were the end of 2014 demand for long maturities at 85 percent rightmove of fixed-rate rightmove mortgages, this percentage climbed during the first three months of 2015 to 92 per cent. Accordingly, the proportion of medium- and short-term maturities to 7 and a half percent in the first quarter fell.
Insurance and pension funds more attractive than banks General shows that - the end of March 2015 - with insurers and pension funds favorable statements are possible than with banks. In the former institutions the span of interest on ten-year fixed-rate mortgages from 1.3 to 1.7 percent is enough rightmove for banks from 1.6 to 2.0 percent. "The banks do not cut their mortgage rates, but increased it even. Because of the charges in January by the National Bank Negative interest they have increased hedging costs for refinancing. Insurance and pension funds, however, did not feel compelled to because they do not refinance themselves in the market rightmove and are concerned with their long-term obligations less of changes in interest rates "to take this step, explained rightmove Parmentier. (Comparis.ch/mc/pg)
Data basis by comparis.ch Data on interest rates are based on the indicative interest rightmove rates of around 65 banks. They are updated daily and published in the rate overview. For the requested maturities funding applications were evaluated parameters loan seekers at the Comparis sister company Hypo Plus for an independent consultancy. Experience shows that the interest of Hypothekarofferten are in most cases below the official reference rates. The data basis for the demand was changed in 2014. Therefore, no direct comparison rightmove is possible based on the values of previous years. The next mortgage Barometer appear in early July 2015. Tags: mortgage, real estate, negative interest rates
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