Hannes Mård

Swedbank experienced technical problems on its website and app during the morning

Breaking the trend for mortgages - more people are fixing interest rates

More Swedes are choosing to fix their mortgage interest rates in the wake of the war in Iran. A clear trend shift is visible among SBAB's customers. The proportion choosing to fix their interest rates reached a record high in March, says Linda Hasselvik, the state mortgage bank's private and housing economist.

Banks Criticized for Cautious Mortgage Rate Cuts

Several major banks have lowered their mortgage rates – but not as much as the Swedish Central Bank's reduction. According to savings economist Christina Sahlberg, the banks have been unusually cautious. It's about enormous amounts of money, she says.