The state-owned bank SBAB was the first to raise the variable mortgage rates on Thursday – now Länsförsäkringar is following in the same tracks.
Länsförsäkringar is raising its variable mortgage rate by 0.05 percentage points to 4.29 percent, while the one-year rate remains unchanged at 3.74 percent.
The rates with binding periods between two and ten years are being raised by 0.15–0.30 percentage points.
"Both long and short market rates are moving upwards since some time ago driven by the turbulence that we are now experiencing in our surroundings," said SBAB's CEO Mikael Inglander in a press release in connection with its interest rate decision earlier on Thursday.
SBAB raised its variable mortgage rate by 0.05 percentage points to 3.47 percent.
