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Lower interest rate on housing loans
statistikk
2014-12-18T10:00:00.000Z
Banking and financial markets
en
renter, Interest rates in banks and mortgage companies, interest rates, interest on loans, deposit rates, interest margins, banks, mortgage companies, state lending institutions, life insurance companies, Norwegian Public Service Pension FundFinancial institutions and other financial corporations, Banking and financial markets
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Interest rates in banks and mortgage companies, October 2014

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Lower interest rate on housing loans

The interest rate on new loans secured on dwellings to households fell by 0.14 percentage points in October. The interest rate on loans outstanding secured on dwellings fell marginally by 0.03 percentage points.

Banks and mortgage companies, interest rates to households and non-financial corporations1Published 18 December 2014
October 2014September 2014Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households3.583.72-0.14
Total repayment loans to households3.683.84-0.16
Total repayment loans to non-financial corporations3.643.77-0.13
 
Interest rates, loans outstanding
Total loans secured on dwellings to households3.813.84-0.03
Total repayment loans to households3.953.98-0.03
Total repayment loans to non-financial corporations3.964.01-0.05
 
Interest rate, deposits
Total deposits from households2.162.160.00
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.972.04-0.07
Loan margins, total outstanding loans secured on dwellings to households2.202.160.04

Source: Statistics Norway

The interest rate on new loans secured on dwellings from a sample of banks and mortgage companies to households was 3.58 per cent at end-October. The interest rate on new repayment loans secured on dwellings fell by 0.14 percentage points to 3.59 per cent in October, while the interest rate on new credit lines secured on dwellings fell by 0.15 percentage points to 3.49 per cent in the same period.

The households’ interest rate on outstanding housing loans was 3.81 per cent at end-October, a marginal fall of 0.03 percentage points compared to the month before.

Fall in loan margins for new loans

The loan margin for new housing loans to households fell by 0.07 percentage points in October, reaching 1.97 percentage points at end-October. For outstanding loans secured on dwellings, the loan margin to households fell by 0.05 percentage points in the same period. The money market rate NIBOR fell by 0.07 percentage points in October.

Lower interest rates on repayment loans

The interest rate on new repayment loans to non-financial corporations fell by 0.13 percentage points to 3.59 per cent at end-October. For loans outstanding, the corresponding interest rate fell by 0.05 percentage points to 3.89 per cent at end-October.

New extended statisticsOpen and readClose

The interest rate statistics will now be published on a monthly basis, based on data from a sample of banks and mortgage companies. The new statistics will in addition to existing specifications include interest rates on new loans and information on floating or fixed rate (and fixed rate periods). The monthly time series starts in December 2013.

In addition to the monthly sample statistics, the interest rate statistics will publish figures based on a complete census of banks, mortgage companies, finance companies, state lending institutions and the Norwegian Public Service Pension Fund every quarter. Quarterly figures are to be found in our Statbank and separate tables.