SBAB cuts long-term mortgage rates by up to 0.20 percentage points, raises variable rate

"Because longer-term market interest rates have fallen," SBAB writes in a press release.

SBAB is also raising the interest rate on mortgages with a three-month fixed term, known as the variable rate, by 0.22 percentage points, citing the Swedish Central Bank's policy rate increase.

SBAB is also raising the variable savings rate for private customers.