SBAB raises fixed mortgage rates by 0.35-0.45 percentage points, variable rates unchanged

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SBAB raises fixed mortgage rates by 0.35-0.45 percentage points, variable rates unchanged
Photo: Emma-Sofia Olsson/SvD/TT

Interest rates on fixed mortgages with terms between one and ten years will be increased by 0.35–0.45 percentage points.

"The war in the Middle East is shaking the financial markets, which has led to a sharp rise in market interest rates with longer maturities. Unfortunately, this means that we are forced to raise fixed mortgage rates," SBAB CEO Mikael Inglander says in a press release.

The interest rate on so-called variable mortgages is left unchanged.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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