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Further increase in the interest rate
statistikk
2017-02-15T08:00:00.000Z
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, December 2016

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Further increase in the interest rate

The interest rate margin on new mortgage loans to households increased by 0.02 percentage points in December to 2.46 per cent. The interest rate on outstanding mortgage loans was almost stable at 2.49 per cent. The interest rate on other repayments to non-financial companies’ loans increased by 0.18 percentage points on new loans and by 0.06 percentage points on outstanding loans.

Banks and mortgage companies, interest rates on loans1Published 15 February 2017
December 2016November 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.462.440.02
Total loans secured on dwellings, floating interest rate2.442.430.01
Total loans secured on dwellings, fixed interest rate2.702.560.14
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.492.50-0.01
Total loans secured on dwellings, floating interest rate2.452.450.00
Total loans secured on dwellings, fixed interest rate2.962.99-0.03
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.271.28-0.01
Loan margins, total outstanding loans secured on dwellings to households1.301.34-0.04

Source: Statistics Norway

In December 2016, the fixed-interest rate on households’ new mortgages from a sample of banks and mortgage companies increased by 0.14 percentage points to 2.70 per cent. The floating rate on new mortgage loans was almost stable at 2.44 per cent.

The fixed-interest rate on outstanding mortgages to households fell by 0.03 percentage points to 2.96 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 December 2016, the interest rate margin on new mortgages to households from a sample of banks and mortgage companies was almost stable at 1.27, while the corresponding interest rate margin on outstanding loans fell by 0.04 percentage points to 1.30 per cent. The banks’ NIBOR increased by 0.03 percentage points to 1.19 per cent.

Increased interest rates on loans to non-financial corporations

The interest rate on new other repayment loans to non-financial corporations increased by 0.18 percentage points to 3.09 per cent, while the interest rate on outstanding loans increased by 0.06 percentage points to 3.21 per cent.

Stable interest rates on deposits

The interest rate on deposits from households and non-financial corporations was almost stable at 0.76 and 0.75 per cent respectively in December 2016.

Increased interest rate for state lending institutions (complete census)

The interest rate from state lending institutions increased by 0.11 percentage points to 1.74 per cent from September 2016 to December 2016, while the interest rate on loans from the State Pension Fund was stable at 2.20 per cent.

 

Decreased share of fixed-interest loans (complete census)

The share of fixed-interest rate loans secured on dwellings to households from banks and mortgage companies fell from September 2016 to December 2016; from 7.8 per cent to 7.6 per cent. The share of fixed-interest rates has decreased over the last five quarters.