212029_not-searchable
/en/bank-og-finansmarked/statistikker/renter/maaned
212029
Higher share of loans with a fixed-interest rate and lower interest rates
statistikk
2015-05-20T10:00:00.000Z
Banking and financial markets
en
renter, Interest rates in banks and mortgage companies, interest rates, interest on loans, deposit rates, interest margins, banks, mortgage companies, state lending institutions, life insurance companies, Norwegian Public Service Pension FundFinancial institutions and other financial corporations, Banking and financial markets
false
The interest rate on loans secured on dwellings to households fell by 0.03 and 0.25 percentage points in March to 2.99 and 3.29 per cent.

Interest rates in banks and mortgage companies, March 2015

Delayed publication

Due to a new classification of deposits, interest rates on deposits will not be published in the next release of interest statistics. It is not yet decided when interest rates on deposits will be published.

Content

Published:

This is an archived release.

Go to latest release

Higher share of loans with a fixed-interest rate and lower interest rates

The share of loans secured on dwellings to households with a fixed-interest rate increased from 6.7 to 8.5 per cent. The interest rate on new and outstanding loans secured on dwellings to households fell by 0.03 and 0.25 percentage points respectively in March to 2.99 and 3.29 per cent.

Banks and mortgage companies, interest rates to households1Published 20 May 2015
March 2015February 2015Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.993.02-0.03
Total loans secured on dwellings, floating interest rate3.083.10-0.02
Total loans secured on dwellings, fixed interest rate2.532.530.00
 
Interest rates, loans outstanding
Total loans secured on dwellings to households3.293.54-0.25
Total loans secured on dwellings, floating interest rate3.253.52-0.27
Total loans secured on dwellings, fixed interest rate3.653.80-0.15
 
Interest rate, deposits
Total deposits from households1.591.89-0.30
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.491.65-0.16
Loan margins, total outstanding loans secured on dwellings to households1.792.17-0.38

Source: Statistics Norway

The share of fixed interest rates on loans with a mortgage from banks and mortgage companies to employees increased from 6.7 to 8.5 per cent in the first quarter of 2015. For more information see “About the statistics” and this article.

Monthly statistics for a sample of banks and mortgage companies

The interest rate on new loans secured on dwellings with  floating interest rates to households fell by 0.02 percentage points to 3.08 per cent at end-March. The fixed interest rate on new loans secured on dwellings to households was stable at 2.53 per cent.

The interest rate on outstanding housing loans with a floating rate fell by 0.27 percentage points to 3.25 per cent. The interest rate on outstanding housing loans with a fixed rate fell by 0.15 percentage points to 3.65 per cent.

The interest rate on transaction accounts from households fell by 0.08 percentage points to 0.79 per cent in March. The interest rate on other deposits from households fell by 0.98 percentage points to 1.90 per cent.

The loan margin for new loans secured on dwellings to households fell by 0.16 percentage points in March to 1.49 per cent. For outstanding loans secured on dwellings, the loan margin to households fell by 0.38 percentage points in the same period to 1.79 per cent. The money market rate NIBOR increased by 0.13 percentage points in March.

Quarterly data from a complete census

The interest rates on repayment loans secured on dwellings from all banks fell by 0.35 percentage points in the first quarter of 2015 to 3.51 per cent at the end of March. The interest rate on deposits fell by 0.30 percentage points to 1.59 per cent in the same period.