Mortgage rates fell in May, mostly fixed rates

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Mortgage rates fell in May, mostly fixed rates
Photo: Fredrik Sandberg/TT

The variable mortgage interest rate fell on average from 2.81 percent in April to 2.78 percent in May.

Interest rates with a five-year term or longer fell the most, down 0.38 percentage points to 2.96 percent on average.

"We see that the average mortgage interest rate for all fixed-interest periods is falling in May, after an increase in April," says Edvin Dahl, economist at Statistics Sweden, in a press release.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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