Interest rates on mortgages with longer maturities of 1–10 years will be reduced simultaneously by 0.15–0.20 percentage points.
"The interest rate cuts are an effect of lower borrowing costs and the competitive situation in the market," SBAB said in a press release.
According to Mikael Inglander, CEO of SBAB, the bond market where the bank finances its mortgages has been "significantly volatile since the war in Iran broke out."
"We can expect that interest rates may continue to fluctuate up and down until we see a more lasting solution to the conflict," he said in a written comment.
