SBAB First to Raise Variable Mortgage Rate

The state-owned bank SBAB is the first to raise the variable mortgage interest rates.

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SBAB First to Raise Variable Mortgage Rate
Photo: Janerik Henriksson/TT

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After nearly a year of steady interest rate cuts, the bank is now raising the three-month interest rate by 0.05 percentage points. The new list rate becomes 3.47 percent.

Some fixed interest rates are also being raised, by between 0.08 and 0.28 percentage points. The two-year interest rate thus ends up at 3.59 percent.

"Both long and short market interest rates have been moving upwards for some time, driven by the turbulence we are now experiencing in our surroundings," says Mikael Inglander, CEO of SBAB, in a press release.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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