Major Banks Cut Fixed Mortgage Rates in Europe

» Published: April 24 2025

Major Banks Cut Fixed Mortgage Rates in Europe
Photo: Fredrik Sandberg/TT

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Danske Bank and Nordea are now lowering the fixed mortgage rates. For Danske Bank, this means a reduction of up to 0.20 percentage points. The background is falling market rates, which reduce the bank's borrowing costs.

The list rate for a two-year mortgage ends up at 3.31 percent after the reduction. The variable rate remains unchanged.

In Nordea's case, it involves a reduction of 0.10 percentage points for loans on 1, 2 and 3 years. The list rate for a two-year housing loan stands at 3.53 percent after the reduction.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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