Business · Economy · 7 hrs ago
Swiss fixed mortgage rates rose in the third quarter
Swiss fixed mortgage rates rose in the third quarter, even though the Swiss National Bank’s policy rate was zero.
The change affects people in Switzerland who borrow to buy homes.
Comparis said higher interest rates abroad were pushing up rates in the Swiss capital market.
The benchmark rate for a 10-year fixed mortgage rose to 2.07% from 1.77%, its first time above 2% this year.
Banks’ higher refinancing costs, measured by swap rates, helped make fixed mortgages more expensive.
By contrast, first-ranking SARON mortgages were offered at average rates of 0.8% to 1.2%.
Borrowers may be able to pay less by comparing offers and negotiating with lenders, since agreed rates can be below published benchmarks.
Swiss fixed mortgage rates rose in the third quarter, despite the Swiss National Bank’s zero interest rate.
The benchmark rate for 10-year fixed mortgages climbed from 1.77% to 2.07%, its first time above 2% this year.
Rates for five-year and three-year fixed mortgages also increased.
Comparis said higher capital market rates raised banks’ refinancing costs and pushed fixed mortgage rates up.
Comparis said negotiated rates can be well below published benchmarks, making comparisons and negotiations worthwhile.
- Who
- Swiss mortgage borrowers and lenders were affected. Comparis reported the rate changes.
- What
- Rates for fixed mortgages rose in the third quarter.
- When
- In the third quarter; the report was published on October 13, 2026.
- Where
- Switzerland.
- Why
- Higher capital market rates increased banks’ refinancing costs.
This story does not have two clearly opposing sides.
The 10-year swap rate stood at 0.53%, the five-year rate at 0.26% and the three-year rate at 0.15%.
The swap rates rose to 0.83% for 10 years, 0.65% for five years and 0.54% for three years.
- 10-year fixed mortgage rate
- Rose from 1.77% to 2.07%
- 5-year fixed mortgage rate
- Rose from 1.52% to 1.90%
- 3-year fixed mortgage rate
- Rose from 1.32% to 1.75%
- Saron mortgage rates
- First-ranking loans averaged 0.8% to 1.2%
- Comparis benchmark
- Based on reference rates published by 30 lending institutions
What people are saying
Higher interest rates abroad are increasingly affecting the Swiss capital market. That is why fixed mortgages are becoming more expensive.
Sources
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