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Mortgage rates in Switzerland

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Understanding the market

Fixed rate

The fixed rate is locked for the full contract term (2 to 15 years). It gives you full predictability over your mortgage costs, regardless of market changes.

SARON rate

The SARON rate (Swiss Average Rate Overnight) is a variable rate that follows the Swiss money market. It can be more attractive in the short term but carries an upward-rate risk.

Swiss mortgage rate trends in 2026

Since mid-2025, the Swiss National Bank (SNB) has held its benchmark rate at 0% — a historically low level that translates into highly competitive mortgage conditions. 10-year fixed rates are currently around 1.5% at many institutions, while the SARON allows borrowers to benefit directly from the zero benchmark rate.

However, since October 2025, fixed-rate mortgages have edged up by 0.2%, as banks anticipate a future normalisation of rates. The UBS takeover of Credit Suisse has also led to a slight increase in banking margins. For 2026, most experts — including PostFinance, Swiss Life and moneyland.ch — expect a stable, sideways trend with no major moves in either direction.

The current period remains favourable for taking out or renewing a mortgage, as rates stay close to historic lows. If you have a mortgage coming due in the next 12 to 24 months, it makes sense to start comparing offers now.

How to get the best mortgage rate in Switzerland

  • Maximise your equity: the more equity you bring, the better your loan-to-value ratio — which directly translates into a lower rate.
  • Optimise your affordability ratio: a total cost burden below 25% of gross income positions you as a low-risk borrower and strengthens your negotiating position.
  • Compare multiple lenders: banks, insurers and pension funds offer very different conditions. On a CHF 600,000 mortgage over 10 years, a 0.3% difference equals CHF 18,000 in savings.
  • Anticipate your renewal: you can lock in a favourable rate up to 24 months before your current mortgage expires with a forward mortgage.

Use our mortgage calculator to estimate your borrowing capacity and get a first indication of the rates you can expect.

Fixed-rate vs SARON: making the right choice in 2026

  • Choose fixed-rate if: you want long-term cost security, your budget is tight, or you want to hedge against potential rate increases. With 5-year fixed rates from 1.11% and 10-year from 1.39%, current conditions are historically attractive.
  • Choose SARON if: you have sufficient financial reserves to absorb a potential rate increase, plan to sell the property in the short term, or want to benefit directly from the SNB benchmark rate at 0%.

Frequently asked questions about Swiss mortgage rates

Will rates fall further in 2026?

The SNB is holding its rate at 0% and no further cuts are expected. Experts forecast stable mortgage rates for 2026, with a slight upward bias on long-term fixed rates due to capital market dynamics.

Can I renegotiate my mortgage before it expires?

Yes, through a forward mortgage you can secure a new rate up to 24 months before your current contract ends. A small premium is applied depending on how far in advance you lock in.

How is RealAdvisor Finance compensated?

Our comparison and advisory service is completely free for you. We receive a commission from our financial partners — without affecting the conditions you receive. In fact, our negotiating power often secures better rates than approaching lenders directly.

What mortgage term should I choose right now?

Experts currently recommend terms of 5 to 10 years to benefit from fixed-rate security while maintaining medium-term flexibility. Conservative borrowers tend to favour 10 years for maximum peace of mind on their monthly costs.

Is your mortgage maturity approaching?

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