Mortgage rates in Switzerland have almost tripled since the beginning of the year. If you want to build or renew your mortgage, you have to choose between a fixed rate mortgage and a SARON mortgage. What is worth more currently?
This content was published on October 17, 2022 – 11:15 am
Interest rates for ten-year fixed-rate mortgages in Switzerland rose from an average of just over one percent at the beginning of the year to well over three percent. SARON mortgages are a little cheaper; there is an interest rate risk there. One thing is certain: buying a home has become significantly more expensive in Switzerland.
The higher interest rates are not only felt by buyers, but also by people who took out a mortgage years ago and now have to renew. We then spoke to two client advisors from regional banks and asked them what they currently recommend: rather a fixed-rate mortgage with a fixed interest rate or rather a slightly riskier SARON mortgage with a variable interest rate?
From exchanges and bitcoin to inflation and monetary policy: the Geldcast update provides the latest news from the international financial world. Understandable and fun for those who want to stay up to date. through the show Fabio CanetgExternal Linkmonetary economist and business journalist.
And here to listen on Spotify:
Swissinfo.ch’s jet of money
Author Fabio CanetgExternal Link holds a doctorate in monetary policy from the University of Bern and the Toulouse School of Economics. Today he is a MAS lecturer at the University of Bern.
As a journalist, he works for SRF Arena, Republic Magazine and swissinfo.ch. He hosts the monetary policy podcast “GeldcastExternal Link“.
End of insertion
In accordance with JTI standards
Other: JTI certification from SWI swissinfo.ch
