Skandia lowers its variable interest rate on mortgages with a three-month term by 0.05 percentage points.
The interest rates on mortgages with longer terms, 1-5 years, are also lowered by 0.10-1.15 percentage points, writes Skandia in a press release.
Skandia refers to falling market interest rates.
The announcement comes ahead of next week's interest rate decision from the Swedish Central Bank, where a reduction of the repo rate by 0.25 percentage points is expected.
