Photo by triemli on Pexels.comThe interest rate used to set the reference rate is the average rate on Swiss mortgage loans outstanding at 30 September 2022. The average rate was 1.18%, up from 1.17% from the second quarter of 2022. The system of a rent reference interest rate was introduced in 2008. These current mortgage rates are far higher than the rent reference rate of 1.25% and are expected to push up the average rate as they accumulate. The next rental reference rate is due on 1 March 2023 and some experts expect it to be 1.5%.

Source: Le News December 02, 2022 02:28 UTC