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Lower interest rates on housing loans
statistikk
2016-04-05T10:00:00.000Z
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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The interest rate on new mortgages to households fell by 0.05 percentage points in February 2016, while the interest rate on outstanding mortgages fell by 0.02 percentage points.

Interest rates in banks and mortgage companies, February 2016

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Lower interest rates on housing loans

The interest rate on new mortgages to households fell by 0.05 percentage points in February 2016, while the interest rate on outstanding mortgages fell by 0.02 percentage points. Banks’ loan margins increased again after falling in recent periods.

Banks and mortgage companies, interest rates to households1Published 5 April 2016
February 2016January 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.502.55-0.05
Total loans secured on dwellings, floating interest rate2.502.55-0.05
Total loans secured on dwellings, fixed interest rate2.412.52-0.11
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.682.70-0.02
Total loans secured on dwellings, floating interest rate2.632.64-0.01
Total loans secured on dwellings, fixed interest rate3.243.26-0.02
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.431.360.07
Loan margins, total outstanding loans secured on dwellings to households1.611.510.10

Source: Statistics Norway

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

In February 2016, the floating interest rate on households’ new mortgages from a sample of banks and mortgage companies fell by 0.05 percentage points to 2.50 per cent, while the fixed interest rate on new mortgages fell by 0.11 percentage points to 2.41 per cent. In the same period, the fixed interest rate on households’ outstanding mortgages fell by 0.02 percentage points to 3.24 per cent, while the floating interest rate on households’ outstanding mortgages was virtually unchanged at 2.63 per cent.

Increased interest rate margin on outstanding mortgages

In February 2016 the interest rate margin on new mortgages to households from a sample of banks and mortgage companies increased by 0.07 percentage points to 1.43 per cent after falling in recent periods. The corresponding interest rate margin on outstanding loans increased by about 0.10 percentage points to 1.61 per cent. In the same period, NIBOR fell by 0.12 percentage points to 1.07 per cent.

Unchanged interest rates on loans to non-financial corporations

For new and outstanding other repayment loans to non-financial corporations, the interest rates were virtually unchanged at 2.80 and 3.18 respectively in the same period.

Stable deposit rates

The interest rates on total deposits from households and non-financial corporations were stable at 0.85 and 0.78 per cent respectively in February 2016.