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Interest Rates: Hold for Now but Cheaper Mortgages Could Be Just Weeks Away

Summary by The Scotsman
“You only have to look at recent moves in the mortgage market to see how tough the banks are finding it to price their deals right now”

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Sparebank 1 Helgeland is reducing interest rates on mortgages by up to 0.25 percentage points.

Nordea is reducing its mortgage interest rate by up to 0.25 percentage points after Norges Bank cut its key interest rate accordingly.

Several banks are following Norges Bank and lowering interest rates on mortgages. But this will not happen for another two months.

·Kristiansand, Norway
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Major bank DNB cuts mortgage interest rates by 0.25 percentage points as a result of Norges Bank cutting the key interest rate.

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The interest rate cut comes minutes after Norges Bank surprised - but the mortgage won't become cheaper until August.

·Oslo, Norway
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Aftenposten broke the news in Oslo, Norway on Thursday, June 19, 2025.
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