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Interest rate margins on mortgage loans continue to fall
statistikk
2016-09-02T10:00:00.000Z
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 mortgage loans was almost unchanged in July, while the interest rate margin on new and outstanding mortgage loans fell. The interest rate on outstanding mortgage loans with fixed rates fell by 0.04 percentage points, while the interest rate on outstanding mortgage loans with floating rates was stable.

Interest rates in banks and mortgage companies, July 2016

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As from 23 September, all of Statistics Norway’s statistics will be released at 8 am.

Interest rate margins on mortgage loans continue to fall

The interest rate on new mortgage loans was almost unchanged in July, while the interest rate margin on new and outstanding mortgage loans fell. The interest rate on outstanding mortgage loans with fixed rates fell by 0.04 percentage points, while it was stable on those with floating rates.

Banks and mortgage companies, interest rates to households1Published 2 September 2016
July 2016June 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.382.370.01
Total loans secured on dwellings, floating interest rate2.382.370.01
Total loans secured on dwellings, fixed interest rate2.262.260.00
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.522.53-0.01
Total loans secured on dwellings, floating interest rate2.462.47-0.01
Total loans secured on dwellings, fixed interest rate3.123.16-0.04
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.311.34-0.03
Loan margins, total outstanding loans secured on dwellings to households1.451.50-0.05

Source: Statistics Norway

In July 2016, the fixed-interest rate and the floating rate on households’ new mortgages from a sample of banks and mortgage companies were almost stable at 2.26 and 2.38 per cent respectively. The fixed-interest rate on outstanding mortgages fell by 0.04 percentage points to 3.12 per cent, while the floating interest rate on households’ outstanding mortgages was almost stable at 2.46 per cent.

Lower interest rate margin on mortgages to households

In July 2016, the interest rate margin on new mortgages to households from a sample of banks and mortgage companies fell by 0.03 percentage points to 1.31, while the corresponding interest rate margin on outstanding loans fell by 0.05 percentage points to 1.45 per cent. This is the lowest level for interest rate margins on mortgage loans since the first publication of monthly data in December 2013. NIBOR increased by 0.04 percentage points to 1.07 per cent.

Lower interest rates on loans to non-financial corporations

For new other repayment loans to non-financial corporations, the interest rates fell by 0.12 percentage points to 2.83 after a similar increase in the previous month. The interest rate on outstanding loans has been almost stable at 3.09 per cent in the four last months

Lower deposit rates

The interest rate on total deposits from households was stable at 0.72 per cent, while the interest rate on deposits from non-financial corporations was almost unchanged at 0.67 per cent in July 2016.