More Swedish Households Consider Fixing Their Mortgage Rates as Riksbank Signals Rate Rises

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More Swedish Households Consider Fixing Their Mortgage Rates as Riksbank Signals Rate Rises
Photo: Fredrik Sandberg/TT

The proportion has risen from 11 percent to 15 percent, according to the bank's latest survey.

"The Swedish Central Bank (Sweden's central bank) has sent increasingly clear signals, and households have understood that interest rates are on the rise. Not since early 2022, just before the Swedish Central Bank began its last rate-hiking cycle, have so many people considered fixing their mortgage rate," says SEB's private economist Américo Fernández in a press release.

More and more households also expect housing prices to rise.

"Despite interest rates starting to rise, the housing market is holding steady. One in two households now expects prices to rise. Strong growth, good purchasing power and relaxed mortgage regulations give households room to demand housing, and this currently outweighs concerns about higher interest rates," says Fernández.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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