The interest rates for Saron mortgages in Switzerland are no longer always cheaper than those for fixed-rate mortgages. At the same time, the difference in interest rates between short-term and longer-term mortgages has increased again.

According to an analysis published on Wednesday by the online comparison service Moneyland.ch, the interest rate on Saron mortgages was on average 2.61% at the end of October. It is therefore at the same level as comparable six-year fixed-rate mortgages. Fixed-rate mortgages with a term of less than six years are slightly cheaper than Saron mortgages and longer-term mortgages are slightly more expensive.

This means that the interest rates for Saron mortgages have risen by more than 1.5% points within just over a year. In July 2022, before the Swiss National Bank raised the key interest rate back into positive territory, the average interest rate was just under one percent.

According to Moneyland, fixed-rate mortgages with a term of two or five years are currently quoted at 2.57%. For ten-year mortgages, the average interest rate is 2.71%. This means that longer-term mortgages have once again become more expensive than shorter-term mortgages. A month ago they cost almost the same. …