Compared to other European countries, Switzerland's mortgage rates are actually pretty competitive. They're lower than in Germany, and similar to those in France. But, they're still higher than in some other countries, like Denmark, where you can find rates as low as 1%.
One of the reasons mortgage rates are so low in Switzerland is because of the country's stable economy. The Swiss economy is known for being strong and secure, which makes it an attractive place for banks to lend money. And, with low inflation rates, borrowers don't have to worry about their debt increasing in value over time.
But, what's really fun about Swiss mortgage rates is the way they're calculated. In Switzerland, mortgage rates are often based on the Libor rate, which is the rate at which banks lend money to each other. It's like a big game of musical chairs, where banks are constantly lending and borrowing money from each other.
