SBAB raises mortgage rates sharply

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Published 22 September 2022 at 11.44

Economy. The state-owned bank SBAB is now raising the list interest rates for mortgages on all fixed terms by 0.30-0.45 percentage points with immediate effect.

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The background is that the Riksbank announced this week that the key interest rate will be raised by one percentage point due to spurious inflation.

“Both the short and long market interest rates have risen sharply for some time and thus the banks' borrowing costs on the capital market have increased. SBAB's ambition is to have compliance between mortgage interest rates and borrowing costs and at the same time take into account the competitive situation,” writes SBAB in a press release.