Between 0.16 and 0.23 percentage points - that's how much cheaper it became for the variable mortgage rate at the four major banks in February, according to fresh statistics.
The figures refer to the so-called average interest rates, i.e. what households actually pay, compared to the banks' list rates which often lie about one percentage point higher.
The cheapest variable average interest rate (three months) was held by SEB with 3.02 percent. Among the other three, it was more even. Swedbank and Nordea had interest rates of 3.20 percent and Handelsbanken had the highest with 3.22 percent.
The state-owned smaller player SBAB lies in between, where the average interest rate was 3.11 percent.
In late January, the Swedish Central Bank lowered the repo rate, which has now taken effect. Going forward, it is all the more uncertain around the repo rate.
The statistics show that the fixed mortgage interest rates bottomed out in November or possibly in December. The cheapest interest rate varies between two-year or three-year loans.
On average, the two-year loans had an interest rate of 3.08 percent in February. Compared to the variable interest rate, it is now cheaper with a fixed-rate loan.
Variable mortgages are controlled by the Swedish Central Bank's interest rate. Fixed-rate mortgages are mainly affected by bond interest rates, which in turn are controlled by expectations of inflation and the general interest rate outlook ahead.
