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Lower interest rate on new mortgages
statistikk
2015-03-05T10:00:00.000Z
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, January 2015

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Lower interest rate on new mortgages

The interest rate on new loans secured on dwellings to households fell by 0.29 percentage points in January. The interest rate on loans outstanding secured on dwellings fell by 0.05 percentage points.

Banks and mortgage companies, interest rates to households and non-financial corporations1Published 5 March 2015
January 2015December 2014Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households3.193.48-0.29
Total repayment loans to households3.283.58-0.30
Total repayment loans to non-financial corporations3.333.300.03
 
Interest rates, loans outstanding
Total loans secured on dwellings to households3.593.64-0.05
Total repayment loans to households3.733.79-0.06
Total repayment loans to non-financial corporations3.693.80-0.11
 
Interest rate, deposits
Total deposits from households1.911.93-0.02
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.841.97-0.13
Loan margins, total outstanding loans secured on dwellings to households2.242.130.11

Source: Statistics Norway

The interest rate on new loans secured on dwellings from a sample of banks and mortgage companies to households was 3.19 per cent at end-January. The interest rate on new repayment loans secured on dwellings fell by 0.30 percentage points to 3.19 per cent in January, while the interest rate on new credit lines secured on dwellings fell by 0.23 percentage points to 3.17 per cent in the same period.

The fixed interest rate on new loans secured on dwellings fell by 0.49 percentage points to 2.81 per cent. The floating interest rate on new mortgage loans fell by 0.26 percentage points to 3.22 per cent.

The households’ interest rate on outstanding housing loans was 3.59 per cent at end-January, a decline of 0.05 percentage points compared to the month before.

The interest rate on deposits from households was virtually unchanged in January at 1.91 per cent. The interest rate on deposits from non-financial corporations fell by 0.11 percentage points to 1.41 per cent in January after a decline of 0.13 percentage points in December 2014.

Fall in loan margins for new loans

The loan margin for new housing loans to households fell by 0.13 percentage points in January, reaching 1.84 percentage points at end-January. For outstanding loans secured on dwellings, the loan margin to households increased by 0.11 percentage points in the same period. The money market rate NIBOR fell by 0.16 percentage points in January.

Lower interest rates on repayment loans

The interest rate on new repayment loans to non-financial corporations increased by 0.03 percentage points to 3.30 per cent at end-January. For loans outstanding, the corresponding interest rate fell by 0.11 percentage points to 3.63 per cent at end-January.