Swiss and French banks roll out mortgage rate promos as rates edge higher

In Switzerland, the average fixed-rate mortgage for a ten‑year loan stood at 1.77 % at the end of June, a slight dip from 1.81 % three months earlier. Five‑year fixed rates were 1.52 % and three‑year rates 1.32 %, with banks citing persistent geopolitical uncertainty and divergent central‑bank policies as factors limiting further declines.

In France, several banks have kept or introduced promotional mortgage products to attract borrowers despite a modest increase in baseline rates. Société Generale offers a 3.10 % rate on ten‑year‑plus mortgages for applications submitted by 15 July 2026. LCL provides a supplementary loan at 1.99 % for up to €20,000, aimed at first‑time buyers and energy‑efficient homes. Crédit Agricole maintains a 2.49 % rate on 10 % of the loan amount, up to €50,000. Other lenders such as Crédit Mutuel, CIC, Caisse d’Épargne and Banque Populaire continue zero‑percent or low‑rate schemes targeting young or first‑time purchasers, often linked to the property’s energy performance.