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Lower interest rates on loans and increased share of fixed rate loans
statistikk
2015-08-19T10:00:00.000Z
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
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Interest rates in banks and mortgage companies, June 2015

Delayed publication

Due to a new classification of deposits, interest rates on deposits will not be published in this release of interest statistics.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

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This is an archived release.

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Lower interest rates on loans and increased share of fixed rate loans

The interest rate on new loans secured on dwellings to households from a sample of banks and mortgage companies fell by 0.03 percentage points in June. The share of fixed rate housing loans from all banks and mortgage companies increased from 8.6 to 9.8 per cent from March to June.

Banks and mortgage companies, interest rates to households1Published 19 August 2015
June 2015May 2015Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.973.00-0.03
Total loans secured on dwellings, floating interest rate3.003.07-0.07
Total loans secured on dwellings, fixed interest rate2.712.600.11
 
Interest rates, loans outstanding
Total loans secured on dwellings to households3.213.24-0.03
Total loans secured on dwellings, floating interest rate3.193.22-0.03
Total loans secured on dwellings, fixed interest rate3.403.46-0.06
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.611.520.09
Loan margins, total outstanding loans secured on dwellings to households1.851.760.09

Source: Statistics Norway

The interest rate on new loans secured on dwellings to households from a sample of banks and mortgage companies fell from 3.00 to 2.97 per cent in June. The interest rate on outstanding loans secured on dwellings to households fell from 3.24 to 3.21 per cent.

The interest rate on new repayment loans (except housing loans) to non-financial corporations increased by 0.08 percentage points to 3.15 per cent in June. For loans outstanding, the corresponding interest rate fell by 0.05 percentage points to 3.44 per cent.

Higher interest rates on new fixed rate loans

The interest rate on new fixed rate loans secured on dwellings to households from a sample of banks and mortgage companies increased by 0.11 percentage points to 2.71 per cent in June, while the interest rate on outstanding fixed rate loans fell by 0.06 percentage points to 3.4 per cent.

The floating interest rate on new loans secured on dwellings to households fell by 0.07 percentage points to 3.0 per cent. The floating interest rate on outstanding loans secured on dwellings to households fell by 0.03 percentage points to 3.19 per cent.

Higher margins on housing loans

The interest rate margin on new loans secured on dwellings to households (from a sample of banks and mortgage companies) increased by 0.9 percentage points to 1.61 per cent. The corresponding interest rate margin on outstanding loans increased by 0.09 percentage points to 1.85 per cent. NIBOR fell by 0.12 percentage points to 1.36 per cent.

Quarterly data from a complete census

The interest rates on repayment loans secured on dwellings from all banks and mortgage companies fell by 0.08 percentage points in the second quarter of 2015 to 3.3 per cent at the end of June.

The share of fixed rate housing loans from all banks and mortgage companies increased from 8.6 to 9.8 per cent from March to June.