Skandia raises mortgage rates on 2-5 year fixed terms

"The interest rate adjustment is made in light of the recent increases in longer market interest rates," writes Skandia.

Skandia's mortgage rates for three-month and one-year fixed periods are unchanged.

The increase follows the Swedish Central Bank's adjustment of its forecast for the key interest rate going forward last week and state-owned SBAB's adjustment of mortgage rates for longer fixed terms earlier this week.