The Swedish Financial Supervisory Authority (Finansinspektionen) published a compilation of mortgage pricing showing that households can face materially different variable mortgage rates across Sweden’s largest lenders. For new and renegotiated variable-rate mortgages at the eight largest mortgage banks, the average customer rate was 2.76% in September 2025, and the gap between the lowest- and highest-priced banks’ averages was 0.23 percentage points, equivalent to more than SEK 4,500 in annual interest on a SEK 2 million loan. Finansinspektionen also reported that mortgage-rate discounts have increased markedly, with the average discount around 96 basis points in September versus an average 54 basis points in 2020. As part of its consumer-protection work, the authority publishes average rates for the eight largest mortgage banks to help consumers compare and benchmark offers, and argued that average rates should be used as the reference point rather than list rates.
Finansinspektionen 2025-11-06
Swedish Financial Supervisory Authority publishes mortgage-rate comparison showing spreads could cost households over SEK 4,500 a year
The Swedish Financial Supervisory Authority (Finansinspektionen) released data showing significant variability in variable mortgage rates among Sweden's largest lenders, with an average customer rate of 2.76% in September 2025. The authority noted a marked increase in mortgage-rate discounts, averaging 96 basis points compared to 54 basis points in 2020, and emphasized using average rates for consumer comparison and benchmarking.