Mortgage rate trends

Between mid-2024 and end of 2024, the reference interest rates for ten-year fixed-rate mortgages fell by around 0.70 percentage points. The interest rate range fluctuated between 1.65 and 2.35 percent during this period.

Comparis predicts a stabilisation of indicative rates for medium and long-term fixed mortgages by the end of June 2025. You can read more about the development of mortgage rates in the Comparis interest rate forecast

Demand for long-term fixed-rate mortgages, with terms of, say, 10, 12 or 15 years, remains very high despite rising interest rates. Swiss consumers value certainty in their budgeting, without having to bear market risks. The Saron remains an interesting alternative for people who want to and can accept the risk of possible interest rate hikes every 3 or 6 months. It is important to analyse your personal situation and to compare the wide range of mortgage institutions to find the right offer with attractive terms suited to your own needs. Comparis can help.

In December 2024, the Swiss National Bank (SNB) lowered the key interest rate to 0.5%. The key interest rate of the European Central Bank (ECB) has been at 2.5% since the 30th of January 2025. You can read an assessment of the impact of the key rate on mortgage interest rates in the Comparis mortgage rate forecast, which is updated regularly.