Rate rises to hit homeowners
Published: 11 Aug 2010 17:49 GMT+02:00
Updated: 11 Aug 2010 17:49 GMT+02:00
Interest rates on five-year fixed-rate mortgages at SBAB are being reduced by 0.07 points to 3.95 percent. Ten-year fixed-rate deals are being reduced by 0.16 points to 4.68 percent.
Nordea announced on Wednesday that it would also raise rates on short term fixed rates, effective from Thursday. Their 3-month rate would rise by 0.03 percentage points, while their one-year fixed rate would rise by 0.05 percentage points. The new three-month rate will therefore be 2.18, while the new one-year rate will be 2.30, the bank said in a statement.
Nordea’s 5-year fixed rate mortgage will fall by 0.1 percentage points to 3.89 percent. The one-year fixed-rate will fall by 0.1 points to 4.59 percent. Rates on mortgages fixed for between two and four years are unchanged.