Major Banks Lower Mortgage Interest Rates

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Major Banks Lower Mortgage Interest Rates
Photo: Gustav Sjöholm/TT

Several banks are now adjusting their mortgage rates downward following the Swedish Central Bank's lowering of the interest rate.

Handelsbanken lowers the mortgage rate on loans with a one-year binding period. This involves a reduction of 0.1 percentage points to 3.79 percent. Other rates remain unchanged.

Last week, the bank lowered the rate on floating-rate mortgages with a three-month term by 0.25 percentage points to 4.54 percent.

Swedbank lowers its floating mortgage rate by 0.25 percentage points, just like SEB. For Danske Bank, it involves a reduction of 0.15 percentage points on loans with a three-month term.

Nordea lowers its floating rate by 0.20 percentage points. For mortgages with a one-year binding period, the reduction is 0.25 percentage points.

Länsförsäkringar lowers the floating rate by 0.05 percentage points and leaves the others unchanged.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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