Mortgages for long-term home purchases are becoming increasingly popular in Switzerland, as the mortgage barometer of the comparison portal Comparis shows.

The first step For many Swiss people, they mortgage their own house.

 The Swiss are now getting rid of 15-year mortgages

In recent years, long-term mortgages in particular have been enjoying increasing popularity.

Swiss people now drive on 15- Annual mortgages from

According to, this trend is likely to continue.

That's what it's all about

  • In the fourth quarter of 2021, recorded another increase for long-term mortgages.

  • Because individual mortgage institutions are now foregoing prepayment penalties, short-term terms lose their flexibility.

  • That Comparison portal does not anticipate rising interest rates for the time being.

The benchmark interest rates for fixed-rate mortgages rose significantly at the beginning of the fourth quarter of 2021 due to fears of inflation. This is what the comparison portal Comparis writes on the basis of data from HypoPlus, the mortgage specialist in the Comparis Group. The fears that arose in November that economic growth could stagnate, however, sent interest rates down again, so that they even reached quarterly lows in some cases.

Trend should continue

The comparison portal predicts that the preference for long and even ultra-long terms of up to 15 years observed in the last quarter is likely to continue in 2022. “The reason for the growing popularity of long mortgage contracts is not only the expected slight increase in interest rates in the second half of the year, but also an innovation in the mortgage market: Individual mortgage institutions have abolished the prepayment penalty,” explains Comparis financial expert Leo Hug.

Rising interest rates unlikely

Rising interest rates are not expected for the time being. According to the annual forecast published by Comparis in December, mortgage interest rates in spring 2022 are likely to be in the range of the previous quarter. A slight upward pressure on mortgage interest rates is only becoming apparent in the second half of the year.

For the extrapolations, Comparis calculated the average interest rate differentials between fifteen, ten, five and two-year mortgages in the fourth quarter and exceeded the savings potential the entire duration is determined, as the comparison portal writes in its message.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my 1-800-268-7341

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