Financial services provider Interest rates for fixed-rate mortgages are rising again
Mortgage interest rates appear to have bottomed out. After two quarters in which mortgage rates fell by a good one percentage point, the current quarter shows a slight turnaround.
17.03.2025, 08:28
SDA
The interest rate floor for fixed-rate mortgages was reached in mid-December, according to a press release issued by Moneypark on Monday. Since then, the benchmark rates for short-term maturities have risen by around 20 basis points and for long-term maturities by around 35 basis points.
The prospect of an aggressive US tariff policy has contributed to this. This could fuel inflation again after it recently seemed to be under control.
SNB decision without major effects
The majority of mortgage providers surveyed expect a further interest rate cut of 0.25 percentage points for the SNB's upcoming key interest rate decision next Thursday. However, the impact on mortgage rates is likely to remain limited.
Short-term fixed-rate mortgages and Saron mortgages would therefore fall slightly in the event of a key interest rate cut. Longer terms would hardly be affected by the interest rate decision.
Uncertain further development
According to the study, the majority expect mortgage interest rates to stabilize at the current level. However, there are still major question marks regarding the second half of the year. The uncertainties on the markets are greater than they have been for a long time and a forecast is correspondingly difficult, wrote Moneypark.
Moneypark surveyed around 50 mortgage lenders between February 26 and March 5. Banks, insurance companies and pension funds took part in the survey.
