Among the state-owned bank SBAB's customers, 97 percent chose variable-rate mortgages in December, which was in line with how most acted throughout 2024.
Among other mortgage banks, the picture is similar, although slightly more choose to fix.
"This is likely due to expectations of even greater cuts in the interest rate," says SBAB's private economist Linda Hasselvik in a comment.
Given the current interest rate situation and based on forward-looking forecasts with some further interest rate cuts from the Swedish Central Bank, it will be approximately the same cost to choose variable as fixed, according to SBAB's calculations.
"Given our forecast, the additional cost of fixing mortgages is zero or marginal for binding periods between one and five years," says Linda Hasselvik.
