Stable lending rates

Publisert:

The interest rate on new and outstanding mortgage loans was stable in February, according to new figures form Interest rates in banks and mortgage companies.

In February, the floating rate and fixed interest rate on new mortgages to households from a sample of banks and mortgages companies was almost stable at 2.49 and 2.76 per cent respectively. The interest rate on new credit lines secured on dwellings increased by 0.08 per cent in the same period.

The interest rate on outstanding mortgages with fixed and floating rates to households was almost unchanged at 2.94 and 2.53 per cent respectively. The interest rate on credit lines secured with dwellings was also unchanged at 2.56 per cent.

Figure 1. Interest rates on new and outstanding loans secured on dwellings to households. Monthly sample of banks and mortage companies

New loans, floating interest rate New loans, fixed interest rate Loans outstanding, floating interest rate Loans outstanding, fixed interest rate
Feb. 2015 3.11 2.53 3.52 3.80
Mar.2015 3.08 2.53 3.25 3.65
Apr.2015 3.09 2.55 3.23 3.54
May2015 3.07 2.6 3.22 3.46
Jun.2015 3.00 2.71 3.19 3.4
Jul.2015 2.87 2.73 3.15 3.38
Aug.2015 2.83 2.7 2.93 3.36
Sep.2015 2.78 2.71 2.91 3.4
Okt.2015 2.60 2.61 2.88 3.33
Nov.2015 2.57 2.51 2.77 3.29
Dec.2015 2.54 2.51 2.65 3.28
Jan.2016 2.55 2.48 2.64 3.26
Feb. 2016 2.50 2.39 2.63 3.24
Mar.2016 2.48 2.23 2.61 3.22
Apr.2016 2.40 2.22 2.59 3.20
May2016 2.37 2.27 2.51 3.18
Jun.2016 2.38 2.26 2.47 3.16
Jul.2016 2.38 2.26 2.46 3.12
Aug.2016 2.35 2.32 2.46 3.10
Sep.2016 2.36 2.32 2.45 3.07
Okt.2016 2.38 2.46 2.44 3.03
Nov.2016 2.43 2.56 2.45 2.99
Dec.2016 2.44 2.70 2.45 2.96
Jan. 2017 2.47 2.77 2.53 2.95
Feb. 2017 2.49 2.76 2.53 2.94

Small changes in the interest rate margin

The interest rate margin on new mortgages to households was stable at 1.44 per cent in February, while the interest rate margin on outstanding loans went down by 0.02 percentage points to 1.50 per cent. NIBOR increased by 0.02 percentage points in the same period to 1.06 per cent.

Figure 2. Interest margins on new and outstanding loans with a mortgage to households. Sample of banks and mortgage companies

Loans margin, total outstanding loans secured on dwellings Loans margin, new total loans secured on dwellings NIBOR
Feb. 2015 1.64 2.17 1.37
Mar. 2015 1.49 1.79 1.50
Apr.2015 1.48 1.73 1.53
May2015 1.52 1.76 1.48
June2015 1.61 1.85 1.36
July2015 1.57 1.88 1.29
Aug.2015 1.67 1.83 1.15
Sep.2015 1.64 1.82 1.14
Oct.2015 1.49 1.81 1.11
Nov.2015 1.37 1.62 1.20
Dec.2015 1.38 1.56 1.15
Jan.2016 1.36 1.51 1.19
Feb. 2016 1.43 1.61 1.07
Mar.2016 1.45 1.65 1.02
Apr.2016 1.38 1.63 1.01
May 2016 1.38 1.58 0.99
June 2016 1.34 1.50 1.03
July 2016 1.31 1.45 1.07
Aug2016 1.26 1.42 1.09
Sep2016 1.19 1.33 1.17
Oct.2016 1.27 1.37 1.12
Nov.2016 1.28 1.34 1.16
Dec.2016 1.27 1.30 1.19
Jan.2017 1.45 1.52 1.04
Feb. 2017 1.44 1.5 1.06

Interest rate on loans to non-financial corporations

For new other repayment loans to non-financial corporations, the interest rate fell by 0.21 percentage points to 2.81 per cent in February, while the interest rate on outstanding loans fell by 0.02 percentage points to 3.18 per cent.

Deposit rates

The interest rate on deposits from non-financial corporations increased by 0.05 percentage points to 0.70 per cent, while the interest rate on total deposits from households was stable at 0.77 per cent.