- The mortgage reference interest rate is published by the Federal Housing Office.
- The mark remains at the current level of 1.75 percent.
- The reference interest rate has a direct impact on tenants.
Nothing is moving for tenants in Switzerland at the moment. The Federal Housing Office (BWO) is leaving the reference mortgage interest rate at 1.75 percent,as it writes in a statement. But it was crystal clear.
Too determine the reference interest rate, the BWO relies on the average quarterly interest rate of Swiss banks’ domestic mortgage claims. According to BWO, this fell to 1.63 percent, after 1.67 percent in the previous quarter.
To reduce, the average interest rate would have to fall to 1,625 percent. The reference interest rate is rounded up or down to the nearest quarter of a percent. The experts were unable to decide in advance whether the reference interest rate would fall in December.
It will work in march
But experts are convinced that it will definitely work in March with a lower reference interest rate and apartment rents falling accordingly. the Swiss National Bank (SNB) has lowered key interest rates three times in a row, most recently in September. This has also made the money market and fixed rate mortgages cheaper again.