FINANCES
1 min
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After experiencing a jolt at the start of the year, mortgage rates have recently stabilized in Switzerland. According to credit broker Moneyland, a cap has been observed since the beginning of March.
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At the start of the health crisis, in March 2020, mortgage rates had almost reached the historic low posted in August 2019.
Credit: Keystone
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On average, rates currently stand at 0.96% for five-year mortgages and 1.23% for ten-year mortgages, Moneyland said on Wednesday. The values of the latter are down compared to the situation on March 1 (1.28%), but up compared to that of January (1.10%).
Five-year fixed mortgages have stagnated from their March level. In general, Moneyland notes, however, that despite their rise, fixed rate loans remain cheap from a historical perspective.
When the Covid-19 health crisis broke out in early March 2020, mortgage rates had almost reached the historic low posted in August 2019. At the time, a fixed-rate mortgage with a term of five-year was available at an average rate of 0.94% and 1.02% for the ten-year one. Mortgage rates have since risen sharply again.
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