The Swedish Financial Supervisory Authority has published updated data showing that average mortgage rates across the largest mortgage banks vary significantly, and encouraged mortgage borrowers to compare their own rate against banks’ average rates when negotiating. The average interest rate paid by consumers on new and renegotiated variable-rate mortgages at the eight largest mortgage banks was 2.82% in July, down 0.28 percentage points from the previous publication in April. The gap between the banks with the highest and lowest average rate was 0.30 percentage points, which FI illustrated as around SEK 6,000 per year for a SEK 2 million loan. FI also advised borrowers who are not satisfied with their rate to contact their bank or consider switching, noting that requesting amortisation documentation from the bank can sometimes help secure a better offer.
Finansinspektionen 2025-09-03
Swedish Financial Supervisory Authority publishes average variable mortgage rates for eight major banks and urges borrowers to compare offers
The Swedish Financial Supervisory Authority reported that average mortgage rates at the largest banks varied significantly, with a 0.30 percentage point gap between the highest and lowest rates. The average rate for new and renegotiated variable-rate mortgages was 2.82% in July, down from April. Borrowers are encouraged to compare rates and consider switching banks if dissatisfied.