It is on the bank’s website, where they advertise fixed-rate loans, among other things. Last week, the cheapest fixed rate at DNB was from 4.09 per cent, while the cheapest today is from 4.50 per cent. The lowest interest rate applies to those who bind the interest rate for five years, according to the bank’s website. Nordea confirms to news that they too have raised the fixed rate, and did this on Monday. – Nordea raised the fixed interest rate on Monday, because there was a marked increase in market interest rates during the previous week. That’s why we had to raise the fixed interest rate this week, explains press manager Cathrine Graff at Nordea. Interest calculator The calculator uses the formula for annuity loans to calculate your monthly costs. Nominal interest is used here. This means that there will be an additional transaction fee which will vary from bank to bank. Today’s interest rate is taken from DNB’s mortgage interest rate for young people, and different banks will have different interest rates. The figures given here will therefore be approximate for you. Monthly expenses are interest and repayments combined. Read more about sources and reservations here. See how much you have to pay if the interest rate increases. Refers to the market interest rate Market interest rates are what it costs the banks to borrow money in the market. The price may be lower than what it costs to borrow the money from the central bank. – Fixed interest rates closely follow market interest rates and often change very quickly, says Graff. A normal floating mortgage interest rate today is at least 5 per cent, and last week the banks were able to tempt customers to save hundreds of pounds on the loan as early as next month if they had fixed the interest rate. Interest rate dilemma Several economists have nevertheless commented on the fixed interest rate offers in recent days, calling them good. This has put people struggling with high loan costs in an interest rate dilemma. Historically, most people have not gained anything by tying the interest rate. – I think many more people than those who have it now should consider a fixed rate, because a fixed rate prevents you from having payment problems if the interest rate rises again. Those who have counted on it say that at least historically it has paid off with floating interest rates, said Professor Ellen Kathrine Nyhus at the University of Agder to news on Friday. After it became clear on Wednesday that several banks are raising the fixed interest rates again, she explains that the view of the banks must have changed. – The fixed interest rate is a reflection of what the bank expects to be the future development, so if they raise the interest rate, it is a signal that they do not expect the interest rate to fall again so quickly, Nyhus tells news. In the USA, Europe and in our neighboring countries such as Sweden, interest rates have fallen by over 0.50 percentage points this year. Last week, Norges Bank kept the key interest rate unchanged at 4.5 per cent, and most economists believe that the first rate cut can only come at the turn of the year or in March next year. Policy rate in percent The policy rate is set eight times a year by Norges Bank. The policy interest rate governs the interest rates in the banks, and affects your housing costs. The aim of raising the interest rate is for the high prices to come down again. The forecast tells us how Norges Bank thinks interest rates will develop in the future. Read more about sources and reservations here. A higher policy rate means increased expenses if you have a mortgage 2022 2023 2024 2025 2026 2027 Forecast Norges bank Published 25/09/2024, at 10.58 Updated 25/09/2024, at 11.23
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DNB and Nordea set the fixed rate – news Norway – Overview of news from different parts of the country
