After the Interest Rate Decision: Major Banks Lower Mortgage Rates

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After the Interest Rate Decision: Major Banks Lower Mortgage Rates
Photo: Magnus Lejhall/TT

Several major banks are lowering their list rate on their mortgages following the Swedish Central Bank's announcement to lower the repo rate by 0.25 percentage points on Wednesday.

Both SEB and Swedbank are lowering the interest rate on mortgages with a three-month binding period by 0.25 percentage points. SEB is also lowering the interest rate on mortgages with fixed binding periods by between 0.05 and 0.25 percentage points, depending on the binding period.

The changes apply to both banks from and including September 26, when the Swedish Central Bank's reduction takes effect.

Several banks have already lowered their mortgage rates ahead of the Swedish Central Bank's announcement.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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