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Lower interest rate on loans with fixed rates
statistikk
2015-02-16T10:00:00.000Z
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, December 2014

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Lower interest rate on loans with fixed rates

The interest rate on new fixed rate loans secured on dwellings to employees fell by 0.07 percentage points to 3.28 per cent in December 2014. The interest rate on new loans secured on dwellings with floating rates fell by 0.05 percentage points to 3.49 per cent.

Banks and mortgage companies, interest rates to households and non-financial corporations1Published 16 February 2015
December 2014November 2014Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households3.483.53-0.05
Total repayment loans to households3.583.63-0.05
Total repayment loans to non-financial corporations3.303.52-0.22
 
Interest rates, loans outstanding
Total loans secured on dwellings to households3.643.76-0.12
Total repayment loans to households3.793.90-0.11
Total repayment loans to non-financial corporations3.803.92-0.12
 
Interest rate, deposits
Total deposits from households1.932.13-0.20
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.971.870.10
Loan margins, total outstanding loans secured on dwellings to households2.132.100.03

Source: Statistics Norway

Figure 1. Interest rates on repayment loans secured on dwellings to households

Monthly statistics for a sample of banks and mortgage companies

Since August last year, the interest rate on new loans secured on dwellings has been lower on fixed rate loans than on loans with floating rates. At the end of 2014, fixed and floating interest rates on loans secured on dwellings were 0.88 and 0.48 per cent lower respectively than at the end of 2013.

The interest rate on outstanding fixed rate loans secured on dwellings to employees was almost stable at 4.07 per cent, while the interest rate on outstanding floating loans secured on dwellings fell by 0.13 percentage points to 3.6 per cent in December 2014.

The interest rates on transactions deposits and other deposits from employees fell by 0.08 and 0.28 percentage points to 0.89 and 2.33 per cent in December 2014.

The loan margin for new housing loans to households increased by 0.10 percentage points to 1.97 percentage points at end-December. For outstanding loans secured on dwellings, the loan margin to households increased by 0.03 percentage points to 2.13 per cent in the same period. The money market rate NIBOR fell by 0.15 percentage points.

Lower share of fixed interest rate loans

The share of fixed interest rates on loans with a mortgage from banks and mortgage companies to employees fell from 7.2 to 6.8 per cent in the fourth quarter. For more information see loans with fixed interest rates.

Quarterly tables are updatedOpen and readClose

The monthly interest rate statistics are based on data from a sample of banks and mortgage companies. The monthly time series starts in December 2013.

In addition to the monthly sample statistics, the interest rate statistics 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. Monthly and quarterly figures are to be found in our Statbank and separate tables.