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Further increase in mortgage rates
statistikk
2017-01-13T08:00:00.000Z
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 2016

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Further increase in mortgage rates

The interest rate on new mortgage loans to households increased by 0.05 percentage points in November to 2.44 per cent. The interest rate on outstanding mortgage loans was almost stable at 2.49 per cent. The interest rate on other repayment loans fell by 0.14 percentage points on new loans and by 0.04 percentage points on outstanding loans.

Banks and mortgage companies, interest rates on loans1Published 13 January 2017
November 2016October 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.442.390.05
Total loans secured on dwellings, floating interest rate2.432.380.05
Total loans secured on dwellings, fixed interest rate2.562.460.10
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.502.490.01
Total loans secured on dwellings, floating interest rate2.452.440.01
Total loans secured on dwellings, fixed interest rate2.993.03-0.04
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.281.270.01
Loan margins, total outstanding loans secured on dwellings to households1.341.37-0.03

Source: Statistics Norway

In November 2016, the floating rate on households’ new mortgages from a sample of banks and mortgage companies increased by 0.05 percentage points to 2.43 per cent. The fixed-interest rate on new mortgage loans increased by 0.10 percentage points to 2.56 per cent.

The fixed-interest rate on outstanding mortgages to households fell by 0.04 percentage points to 2.99 per cent. The floating interest rate on households’ outstanding mortgages was almost stable at 2.45 per cent.

Lower interest rate margin on outstanding mortgages to households

In November 2016, the interest rate margin on new mortgages to households from a sample of banks and mortgage companies was almost stable at 1.28, while the corresponding interest rate margin on outstanding loans fell by 0.03 percentage points to 1.34 per cent. The banks’ NIBOR increased by 0.04 percentage points to 1.16 per cent.

Lower interest rates on loans to non-financial corporations

The interest rate on new other repayment loans to non-financial corporations fell by 0.14 percentage points to 2.91 per cent, while the interest rate on outstanding loans fell by 0.04 percentage points to 3.15 per cent.

Increased interest rates on deposits

The interest rate on total deposits increased by 0.02 percentage points to 0.75 per cent. The interest rate on deposits from non-financial corporations increased by 0.06 percentage points to 0.76 per cent in November 2016. The interest rate on deposits from households was almost stable at 0.75 per cent.