Skandia lowers mortgage rates, cutting 3-month variable by 0.05 and 1 to 5 year fixed rates by 0.25 percentage points

The variable three-month interest rate will be reduced by 0.05 percentage points. Rates with a fixed term between one and five years will be reduced by 0.25 percentage points.

On Wednesday, the state-owned bank SBAB lowered several of its mortgage rates by about the same amount.