Fixed-rate mortgages more popular
TT/The Local · 31 Jul 2006, 11:44
Published: 31 Jul 2006 11:44 GMT+02:00
More people are choosing fixed interest rates for their mortgages, following the Swedish Riksbank's recent rate rises, and its recent warnings of further rises to come.
The percentage of people with fixed-rate loans rose from 26 percent in June to 32 percent in July, according to new statistics from state mortgage company SBAB. There were rises both in the number of people fixing their rates for short periods and those fixing them for linger periods.
SBAB's interest rate analyst Tomas Pousette wrote in a press release that it is clear that people are reacting not only to what the Riksbank is doing, but also to what it says it plans to do.
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