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212041
Lower fixed interest rate on new mortgages
statistikk
2015-04-08T10:00:00.000Z
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, February 2015

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Lower fixed interest rate on new mortgages

The fixed interest rate on new loans secured on dwellings to households fell by 0.28 percentage points in February. 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 8 April 2015
February 2015January 2015Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households3.023.19-0.17
Total repayment loans to households3.103.28-0.18
Total repayment loans to non-financial corporations3.143.39-0.25
 
Interest rates, loans outstanding
Total loans secured on dwellings to households3.543.59-0.05
Total repayment loans to households3.683.73-0.05
Total repayment loans to non-financial corporations3.603.69-0.09
 
Interest rate, deposits
Total deposits from households1.891.91-0.02
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.651.84-0.19
Loan margins, total outstanding loans secured on dwellings to households2.172.24-0.07

Source: Statistics Norway

Figure 1. Interest rates on new and outstanding loans secured on dwellings to households. Sample of banks and mortgage companies

The interest rate on new loans secured on dwellings from a sample of banks and mortgage companies to households was 3.02 per cent at end-February, a drop of 0.17 percentage points since the previous month. The fixed interest rate on new loans secured on dwellings to households fell to 2.53 per cent, while the floating interest rate fell by 0.12 percentage points to 3.10 per cent.

Households’ interest rate on outstanding housing loans was 3.54 per cent at end-January, a decline of 0.05 percentage points compared to the month before. The fixed interest rate on households’ outstanding loans secured on dwellings fell by 0.20 percentage points in February, while the floating interest rate only fell by 0.03 percentage points.

Lower loan margins for new loans

The loan margin for new loans secured on dwellings to households fell by 0.19 percentage points in February, reaching 1.65 per cent at end-February. For outstanding loans secured on dwellings, the loan margin to households fell by 0.07 percentage points in the same period. The money market rate NIBOR increased by 0.02 percentage points in February.

Lower interest rates on repayment loans

The interest rate on new other repayment loans to non-financial corporations increased by 0.28 percentage points to 3.08 per cent at end-February. For loans outstanding, the corresponding interest rate fell by 0.09 percentage points to 3.54 per cent at end-February.

Little change in interest rates on deposits

The interest rate on deposits from households was virtually unchanged in February at 1.89 per cent. The interest rate on deposits from non-financial corporations fell by just 0.01 percentage points in February, to 1.40 per cent.