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Can you tell me how long it will be before interest rates for mortgages go up? It would be useful to know this in order to decide what mortgage term to choose.
Hi there,
Many homeowners and propective home buyers ask this question. Unfortunately there is no way to know exactly when rates will go up because mortgage interest rates are affected by numerous factors. Some of these factors are unpredictable.
The one thing that is certain is that interest rates on mortgages are still exceptionally low and that at some point they will go up. Getting a long term fixed rate mortgage is a rational decision at this point in time.
You can find the most affordable offers for the mortgage term you want using the moneyland.ch mortgage comparison.
Best regards from Moneyguru
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