SBAB is lowering the list rates on mortgages with binding periods between 1 and 10 years, the bank announces in a press release.
The rates are being lowered by 0.1 percentage points. The change takes effect directly on Thursday.
"Turbulence and uncertainty in the surrounding world have caused our borrowing costs to decrease. We strive to act in a following manner and therefore we are now lowering the rates on fixed-rate mortgages", says Mikael Inglander, CEO of SBAB in the announcement.
A loan with a one-year binding period is being lowered to 3.52 percent, while loans with a ten-year binding period now have an interest rate of 4.19 percent.
