Swiss ten-year fixed-rate mortgages reach record low of 1.23%

Ten-year fixed-rate mortgages in Switzerland are now at a record low of 1.23%, offering significant savings. This drop follows a trend of decreasing long-term mortgage rates, despite the Swiss National Bank maintaining its key interest rate at zero. The current low rates are comparable to those seen during the negative interest rate period. Factors contributing to the decline include low Swiss inflation, a strong Swiss franc, and a weak German economy. Short-term Saron mortgages have also become cheaper as banks reduce their margins.