Swiss mortgage interest rates rise slightly

Interest rates for mortgages in Switzerland rose slightly in the fourth quarter of 2025 despite the unchanged key interest rate of 0%. They are therefore back above the level seen in early autumn. +Get the most important news from Switzerland in your inbox The Swiss National Bank (SNB) left the key interest rate unchanged in December, as expected by many economists. Nevertheless, mortgage interest rates rose in the fourth quarter of 2025, as an analysis published on Tuesday by the comparison portal Comparis shows. The benchmark rate for ten-year fixed-rate mortgages, which Comparis calculates based on the reference interest rates published by 30 banks, was 1.91% at the end of December, 0.23 percentage points higher than at the end of September. For five-year fixed-rate mortgages, the benchmark rate climbed from 1.39% to 1.61%. + Mortgages in Switzerland: how the system works Higher capital market interest rates According to Comparis, the increase is primarily due to higher capital ...