Skandia and Länsförsäkringar Reduce Mortgage
Photo: FREDRIK SANDBERG / TT

Skandia and Länsförsäkringar Reduce Mortgage Rates

Skandia and Länsförsäkringar are now following the others and lowering the mortgage rate, but both are doing exactly like the other competitors – lowering less than the Swedish Central Bank's interest rate cut last week.

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Skandia lowers the variable mortgage interest rate by 0.15 percentage points. It is a smaller reduction than what the Swedish Central Bank lowered the key interest rate by last week, 0.25 percentage points, which many assessors and politicians have criticized.

"Skandia prices mortgages based on market conditions and strives for conformity with market interest rates," the company writes in a press release.

Länsförsäkringar lowers the variable list rate by 0.20 percentage points.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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