The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has published new statistics on the average and dispersion of mortgage interest rates at Sweden’s eight largest mortgage banks to help borrowers compare offers and negotiate terms. The data highlights that rates differ not only between banks but also significantly between individual borrowers within the same bank. For variable-rate mortgages, the average rate was 3.10% in April 2025, and the difference between the banks with the lowest and highest average rates was 0.47 percentage points, corresponding to more than SEK 9,000 a year in interest costs on a SEK 2 million loan. FI also reported that only three in ten borrowers regularly compare their mortgage rate and stated that the new “average and spread of mortgage interest rates” publication replaces its previous reporting of banks’ gross mortgage margins.
Finansinspektionen 2025-05-28
Swedish Financial Supervisory Authority publishes mortgage rate statistics showing 3.10% average and 0.47 percentage-point spread across major banks
The Swedish Financial Supervisory Authority (Finansinspektionen, FI) released new statistics on mortgage interest rates at Sweden's eight largest mortgage banks, revealing significant rate variations. The average variable-rate mortgage was 3.10% in April 2025, with a 0.47 percentage point difference impacting annual interest costs by over SEK 9,000 on a SEK 2 million loan. FI noted that only 30% of borrowers regularly compare rates and that this publication replaces previous reports on banks' gross mortgage margins.