Sparebank 1 Sør-Norge Is the First Major Bank to Raise Its Mortgage Interest Rate

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Mortgages are becoming more expensive in the wake of Norges Bank's interest rate hike.

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Sparebank 1 Sør-Norge follows Norges Bank's increase in the key interest rate and raises its mortgage interest rate. Local banks are in the think tank.

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Norges Bank raised its key interest rate to 4.5 percent on Thursday. Sparebank 1 Sør-Norge is following suit by raising its mortgage interest rate.

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Mortgages are becoming more expensive in the wake of Norges Bank's interest rate hike.

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Norges Bank raised its key interest rate to 4.5 percent on Thursday. Sparebank 1 Sør-Norge is following suit by raising its mortgage interest rate.

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SpareBank 1 Sør-Norge is raising interest rates on mortgages by up to 0.25 percentage points following Norges Bank's interest rate hike on Thursday.