Bank Raises Mortgage Interest Rate

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Stock markets continue to rise in Asian time zones on Wednesday morning. Both SEB and Swedbank raise their GDP forecasts for Sweden this year, but are raising them for next year. SBAB is now raising its mortgage interest rate.

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SBAB is lowering interest rates on mortgages with longer maturities between 2 and 10 years by 0.15 to 0.20 percentage points due to falling market interest rates.

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The state-owned mortgage bank SBAB is lowering interest rates on mortgages with longer maturities, 2–10 years, by 0.15–0.20 percentage points. “Due to the fact that longer market interest rates have fallen,” SBAB writes in a press release. SBAB is also raising the interest rate on mortgages with a three-month fixed term, so-called floating interest rate, by 0.22 percentage points, referring to the Riksbank’s increase in the key interest rate. Th…

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The state-owned mortgage bank SBAB, which also operates the housing platform Booli, is raising its shortest mortgage interest rate, the three-month interest rate, by 0.22 percentage points. At the same time, SBAB is lowering the listed interest rates that the bank offers for fixed-interest periods between two and ten years by 0.15-0.20 percentage points each. The one-year interest rate is left unchanged.