Mortgage interest rate forecast 2023
The dampening effect of the energy crisis on households in Switzerland is being mitigated by the good labor market situation. Inflation in Switzerland remains significantly lower than abroad due to the strong Swiss franc and the regulation of energy costs. The Swiss National Bank has set an upper target value of 2% for the inflation rate. Experts are convinced that the current inflation rate of 3.3% will be addressed with a further increase in the key interest rate by the SNB in December 2022 and in March 2023 by 25 basis points in each case. The key interest rate increase in mid-September 2022 marked the end of the negative interest rate environment in Switzerland. As a result, the interest rates of SARON mortgages also left their lows.
Over the next 12 months, experts believe that a further increase totaling 50 basis points for SARON mortgages appears realistic.
Current fixed mortgage rates are unlikely to be affected by increases, as these have already anticipated the previous key interest rate hikes. As inflation is expected to fall gradually in the coming quarters, the interest rates of fixed-rate mortgages are unlikely to rise further. Fixed-rate mortgages are therefore expected to move sideways in the coming months. At the same time, interest rates for fixed-rate mortgages are subject to high volatility. When taking out a mortgage in the future, it will therefore be important to choose the right time.
We are constantly informed about the current situation. Therefore, we can negotiate interest rates for you professionally, independently and favorably with our financial partners.
We will be happy to advise you.
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