Mortgage rates rose in April,
Photo: Fredrik Sandberg/TT

Mortgage rates rose in April, savings rates remain unchanged

The average interest rate on a variable mortgage rose to 2.78 percent in April, up from 2.66 percent in March, according to comparison service Zmarta/Uscores. Fixed mortgage rates rose even more, while savings rates remained unchanged, the survey shows.

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"Fixed interest rates are pulling back significantly," says Zmarta/Uscores in a press release.

The average interest rate on a three-year mortgage increased to 3.36 percent, up from 3.13 percent in March. For a five-year loan, the average interest rate increased to 3.67 percent, up from 3.36 percent.

The average interest rate on savings accounts in April was 0.48 percent, compared to 0.47 percent in March.

The average is based on data from 13 banks, where Skandiabanken had the lowest variable interest rate of 2.64 percent, while Hypoteket had the highest at 2.94 percent.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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