The state-owned mortgage bank SBAB is lowering the interest rate on loans with binding periods of 1-5 years by 0.05-0.20 percentage points.
For a one-year mortgage, this gives a so-called list rate of 4.52 percent.
The list rate for mortgages with a three-month binding period, the most common model, remains unchanged at 4.77 percent.
The actual interest rate that SBAB's customers pay is also affected by the loan-to-value ratio of the property and the size of the loan.
The announcement comes after the Swedish Central Bank in its interest rate decision in June adjusted its so-called interest rate path. Now, they expect to lower the repo rate by 0.50-0.75 percentage points during the second half of the year, down from the current repo rate of 3.75 percent.
Prior to the June announcement, the Swedish Central Bank's board of directors expected to lower the repo rate by 0.50 percentage points during the second half of the year.
