Another Major Bank Raises Mortgage Interest Rates

Swedbank is raising its mortgage rates on loans with longer binding periods. The bank is raising the so-called list rates, where loans with a two-year binding period are increased by 0.10 percentage points – to 3.59 percent and loans with a five-year binding period are increased by 0.35 percentage points to 3.89 percent. The same change applies to loans with a ten-year binding period, which lands at 3.99 percent.

Previously, Handelsbanken, Danske Bank, SBAB, and Länsförsäkringar have announced rate hikes.

The list rates are normally clearly above the average rate that the bank charges in its loan agreements with mortgage customers.