SBAB raises fixed mortgage interest rates

The state-owned bank SBAB is raising its fixed mortgage rates. The variable interest rate, on the other hand, remains unchanged.

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SBAB raises fixed mortgage interest rates
Photo: Magnus Hjalmarson Neideman/SVD/TT

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The bank cites higher borrowing costs as a reason for the increase.

"Long-term interest rates have risen recently, which means we need to adjust upward mortgage interest rates with longer binding periods. At the same time, we are raising the savings rate for those who bind their money for a slightly longer period," says SBAB's CEO Mikael Inglander in a press release.

All interest rates with a binding period of between one and ten years are being raised.

The list rate for a loan with a one-year binding period is being raised by 0.05 percentage points to 3.52 percent, while the three-year rate is being raised by 0.15 percentage points to 3.58 percent.

The variable list rate is 3.62 percent.

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

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