State-owned mortgage bank SBAB has announced a reduction in interest rates for loans with fixed terms of 1-5 years by 0.05-0.20 percentage points.
For a one-year fixed mortgage, this adjustment results in a so-called list rate of 4.52 percent.
The list rate for loans with a three-month fixed term, the most common model, remains unchanged at 4.77 percent.
The actual interest rate paid by SBAB customers is also influenced by the loan-to-value ratio and the size of the loan.
This announcement follows the Riksbank’s adjustment of its interest rate path in June. The central bank now expects to lower the key interest rate by 0.50-0.75 percentage points during the second half of the year, down from the current key rate of 3.75 percent.
Before the June announcement, the Riksbank’s executive board anticipated a 0.50 percentage point reduction in the key interest rate during the second half of the year.
SpotlightSweden