The Swedish Financial Supervisory Authority (Finansinspektionen) published a compilation of mortgage rate data showing that the average rate on new and renegotiated variable-rate mortgages fell in the fourth quarter of 2025, while differences between banks remain large. Among the eight largest mortgage banks, the average rate in December was 2.61%, with a 0.23 percentage point spread between the highest and lowest average rates. For a SEK 2 million mortgage, this corresponds to just over SEK 4,500 in additional annual interest costs. The authority also pointed to major banks’ fourth-quarter 2025 results remaining at high levels and urged consumers to compare, negotiate and switch banks if needed, alongside avoiding non-interest-bearing savings accounts in favour of deposit-guaranteed savings accounts with higher rates and reviewing fund fees, which can vary significantly and accumulate to large sums over time.
Finansinspektionen 2026-02-05
Swedish Financial Supervisory Authority report shows variable mortgage rate gaps can cost households over SEK 4,500 a year
The Swedish Financial Supervisory Authority (Finansinspektionen) reported a decline in average rates for new and renegotiated variable-rate mortgages in Q4 2025, with significant rate disparities among banks. It advised consumers to compare and negotiate mortgage rates, switch banks if necessary, and opt for deposit-guaranteed savings accounts over non-interest-bearing ones.