Swedish Banks Raise Variable Mortgage Rates Following Central Bank Hike
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7 Articles
After the Riksbank raised the key interest rate by 0.25 percentage points on Wednesday, the major bank Swedbank is now following suit and raising the variable mortgage interest rate.
The big bank first out...
After the Riksbank raised the key interest rate by 0.25 percentage points on Wednesday, the major bank Swedbank is now following suit and raising the variable mortgage interest rate. This means, among other things, a list price of 4.14 percent on a variable mortgage, 0.25 percentage points higher than before, the bank writes in an email to TT. Other mortgage interest rates are left unchanged. At the same time, the bank is raising the interest ra…
On Thursday, Swedbank will raise its shortest interest rate, the three-month interest rate, by 0.25 percentage points, while the list interest rates that the bank offers on fixed interest rates are left unchanged.
The Riksbank is signaling more interest rate hikes in the future. SBAB believes the next one will come as early as December – which means several thousand more Swedish kronor in interest expenses for highly leveraged households. At the same time, the housing market is expected to be a pillar of development, the chief economists estimate.
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