The Swedish Financial Supervisory Authority published new data showing that mortgage rates have broadly stabilized after falling sharply since late 2023, while material differences remain between banks. The average rate for new and renegotiated variable rate mortgages declined from about 4.6% in December 2023 to about 2.3% in early 2026 but has since remained largely unchanged. In June, banks’ average mortgage rates ranged from 2.54% to 2.81%. The 0.27 percentage point difference would cost more than SEK 5,300 a year before interest deductions on a SEK 2 million mortgage. With 80% of borrowers taking out or renegotiating mortgages in June choosing variable rates, the authority urged customers to compare the rates they actually pay, negotiate with their bank, consider switching providers and maintain capacity for future rate changes.
2026-09-04Finansinspektionen
Swedish Financial Supervisory Authority reports mortgage rate declines have stalled with a 27 basis point gap between banks
The Swedish Financial Supervisory Authority reported that mortgage rate declines have largely stopped, while banks’ average rates differed by 0.27 percentage points in June. That gap equals more than SEK 5,300 a year before interest deductions on a SEK 2 million mortgage, reinforcing the case for borrowers to compare and negotiate rates.