Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

So, what happened to the banks' mortgage rates?

» Updated: 05 October 2024, 11:49

» Published: 12 June 2024

So, what happened to the banks' mortgage rates?
Photo: Jessica Gow/TT

The Riksbank's lowering of the interest rate on 8 May led the banks to adjust their variable mortgage rates. Danske Bank had the lowest average rate in May, reports Dagens industri.

All major lenders announced a reduction in their list rates for mortgages shortly after the Riksbank's announcement. Di has checked how the actual outcome turned out. In Danske Bank's case, the average rate for a three-month loan in May was 4.42 per cent – 0.24 percentage points lower than in April.

The range for, in turn, SBAB, SEB, Länsförsäkringar, Handelsbanken, Skandiabanken, Swedbank, and Nordea stretches from 4.53 per cent to 4.73.

It's difficult to draw conclusions when it's only been a month since the reduction, but I would think we'll see greater differences now if the experts are right and the Riksbank lowers at a fairly rapid pace during the year, says Christina Sahlberg, savings economist at the comparison service Compricer, to Di.

The Riksbank's lowering of the interest rate was by 0.25 percentage points to 3.75 per cent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Svantesson: Trump Politics May Increase Inflation
1 MIN READ

Svantesson: Trump Politics May Increase Inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange rises after interest rate cut
1 MIN READ

Stockholm Stock Exchange rises after interest rate cut

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected

Inflation Expectations Fall
1 MIN READ

Inflation Expectations Fall

Better than expected for Novo Nordisk
1 MIN READ

Better than expected for Novo Nordisk

No "Trump Effect" on the Stockholm Stock Exchange
1 MIN READ

No "Trump Effect" on the Stockholm Stock Exchange

Stock Market Euphoria as Trump Heads for Victory
2 MIN READ

Stock Market Euphoria as Trump Heads for Victory

Rush on the Tokyo Stock Exchange after the election night
1 MIN READ

Rush on the Tokyo Stock Exchange after the election night