Swiss ten-year fixed mortgage rates halved since 2022 peak

Interest rate cuts by the Swiss National Bank (SNB) have halved the cost of servicing 10-year fixed mortgages compared to 2022 peaks, according to online comparison platform Comparis. + Get the most important news from Switzerland in your inbox In the third quarter, the average ten-year rates calculated by Comparis fell within the 1.5%-2.0% range for fixed mortgages and between 1.6% and 2.0% for Saron-based loans, according to its report published on Thursday. This relatively low level has led to strong demand, with 72% of those surveyed who have taken out a home loan choosing a ten-year fixed-rate mortgage, compared with 40-50% in the previous two quarters. The proportion of medium-term mortgages - i.e. four to six years - halved over three months to 14%. Three-year mortgages, including Saron, were reduced to a mere 7%, compared with 20% previously. Despite the SNB's rate cuts, fixed-rate mortgages remain cheaper than their Saron-based counterparts, but negotiating margins have ...