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Lower interest rates on loans
statistikk
2016-06-01T10:00:00.000Z
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
false
The interest rate on new mortgages to households fell by 0.08 percentage points in April 2016, while the interest rate on outstanding mortgages fell by 0.03 percentage points. Banks’ lending margin has fallen again after an increase in recent periods.

Interest rates in banks and mortgage companies, April 2016

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Lower interest rates on loans

The interest rate on new mortgages to households fell by 0.08 percentage points in April 2016, while the interest rate on outstanding mortgages fell by 0.03 percentage points. Banks’ lending margin has fallen again after an increase in recent periods.

Banks and mortgage companies, interest rates to households1Published 1 June 2016
April 2016March 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.392.47-0.08
Total loans secured on dwellings, floating interest rate2.392.48-0.09
Total loans secured on dwellings, fixed interest rate2.242.25-0.01
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.642.67-0.03
Total loans secured on dwellings, floating interest rate2.592.61-0.02
Total loans secured on dwellings, fixed interest rate3.203.22-0.02
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.381.45-0.07
Loan margins, total outstanding loans secured on dwellings to households1.631.65-0.02

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 April 2016, the floating interest rate on households’ new mortgages from a sample of banks and mortgage companies fell by 0.09 percentage points to 2.39 per cent, while the fixed interest rate on new mortgages was virtually unchanged at 2.24 per cent. In the same period, the fixed interest rate and the floating rate on households’ outstanding mortgages fell by 0.02 percentage points to 3.20 and 2.59 per cent respectively.

Lower interest rate margin on outstanding mortgages

In April 2016, the interest rate margin on new mortgages to households from a sample of banks and mortgage companies fell by 0.07 percentage points to 1.38 per cent after increasing in recent periods. The corresponding interest rate margin on outstanding loans increased by about 0.02 percentage points to 1.63 per cent. In the same period, NIBOR was virtually unchanged at 1.01 per cent.

Interest rates on loans to non-financial corporati

For new other repayment loans to non-financial corporations, the interest rates fell by 0.05 percentage points to 2.96, while the interest rate on outstanding loans fell by 0.06 percentage points to 3.1 per cent in the same period.

Stable deposit rates

The interest rate on total deposits from households and non-financial corporations was stable at 0.85 and 0.71 per cent respectively in April 2016.