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Lower interest rate on housing loans
statistikk
2016-01-11T10:00:00.000Z
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, November 2015

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Lower interest rate on housing loans

In November 2015, the interest rate on new mortgages to households fell by 0.03 percentage points, while the interest rate on outstanding mortgages fell by 0.10 percentage points.

Banks and mortgage companies, interest rates to households1Published 11 January 2016
November 2015October 2015Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.572.60-0.03
Total loans secured on dwellings, floating interest rate2.572.60-0.03
Total loans secured on dwellings, fixed interest rate2.512.61-0.10
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.822.92-0.10
Total loans secured on dwellings, floating interest rate2.772.88-0.11
Total loans secured on dwellings, fixed interest rate3.293.33-0.04
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.371.49-0.12
Loan margins, total outstanding loans secured on dwellings to households1.621.81-0.19

Source: Statistics Norway

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

In November 2015, the floating interest rate on households’ new mortgages from a sample of banks and mortgage companies fell by 0.03 percentage points to 2.57 per cent, while the fixed interest rate on new mortgages fell by 0.10 percentage points to 2.51 per cent. In the same period, the floating interest rate on outstanding mortgages to households fell by 0.11 percentage points to 2.77 per cent, and the fixed interest rate on outstanding mortgages fell by 0.04 percentage points to 3.29 per cent.

Lower interest rate margin on new mortgages

The interest rate margin on new mortgages to households from a sample of banks and mortgage companies fell by 0.12 percentage points to 1.37 per cent in November 2015. The corresponding interest rate margin on outstanding loans fell about 0.19 percentage points to 1.72 percentage points. In the same period, NIBOR increased by 0.09 percentage points to 1.2 per cent.

Lower interest rates on other repayment loans to non-financial corporations

For other repayment loans outstanding, the interest rate fell by 0.05 percentage points to 3.14 per cent in November 2015. The corresponding interest rate on new other repayment loans to non-financial corporations was virtually unchanged at 2.7 per cent.

Small increase in interest rates on deposits from non-financial corporations

In November 2015, the interest rate on deposits from non-financial corporations increased by 0.03 percentage points to 0.88 per cent. The interest rate on deposits from households fell by 0.08 percentage points to 1.06 per cent.