On Friday, Skandiabanken announced that interest rates on mortgages with a three-month fixed term will be increased by 0.05 percentage points and interest rates on loans with a longer fixed term will be increased by 0.19-0.29 percentage points.
Landshypotek, Länsförsäkringar and Nordea also made similar upward adjustments to mortgage rates earlier this week.
Several factors
According to Christina Sahlberg, who is a savings economist at Compricer, there are more factors than just the Riksbank's policy rate that affect interest rates on mortgages.
The banks compete with each other and are constantly keeping an eye on what the others are doing. Sometimes they want more deposits and sometimes they are satisfied and then they look at how others are doing and adapt.
The floating rate, also known as the 3-month rate, is more controlled by the Riksbank's policy rate but also controlled by the rate called Stibor, which banks use when they sell and buy money from each other. But it is also controlled by expectations, according to Sahlberg.
Following after
A lot of it is about what you think will happen in the future. And in the situation we are in now, there are quite a few things that are uncertain, such as tariffs and war. So the banks are probably guarding themselves a bit.
Christina Sahlberg believes that several banks will follow suit after the banks that have raised mortgage rates in recent days.
But if I had to guess, I don't think there will be any huge changes to the variable interest rate.
