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Lower interest rates on housing loans
statistikk
2016-05-13T10:00:00.000Z
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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The statistics show changes in lending and deposit rates of financial institutions. The interest rate on new mortgages to households fell by 0.03 percentage points in March 2016.

Interest rates in banks and mortgage companies, March 2016

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Lower interest rates on housing loans

The interest rate on new mortgages to households fell by 0.03 percentage points, while the interest rate on new other repayment loans to non-financial corporations increased by 0.21 percentage points in March 2016. The bank lending margin for outstanding total mortgages increased by 0.04 percentage points from February to March.

Banks and mortgage companies, interest rates to households1Published 13 May 2016
March 2016February 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.472.50-0.03
Total loans secured on dwellings, floating interest rate2.482.50-0.02
Total loans secured on dwellings, fixed interest rate2.252.41-0.16
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.672.68-0.01
Total loans secured on dwellings, floating interest rate2.612.63-0.02
Total loans secured on dwellings, fixed interest rate3.223.24-0.02
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.451.430.02
Loan margins, total outstanding loans secured on dwellings to households1.651.610.04

Source: Statistics Norway

Figure 1. Interest rates on new and outstanding loans secured on dwellings to households. Monthly sample of banks and mortage companies

In March, the floating interest rate on households’ new mortgages from a sample of banks and mortgage companies fell by 0.03 percentage points to 2.47 per cent, while the fixed interest rate on new mortgages fell by 0.16 percentage points to 2.25 per cent. In the same period, the fixed interest rate on households’ outstanding mortgages fell by 0.02 percentage points to 3.22 per cent, while the floating interest rate on households’ outstanding mortgages fell by 0.02 percentage points to 2.61 per cent.

Increased interest rate margin on outstanding mortgages

In March 2016, the interest rate margin on new mortgages to households from a sample of banks and mortgage companies increased by 0.02 percentage points to 1.45 per cent. The corresponding interest rate margin on outstanding mortgages increased by 0.04 percentage points to 1.65 per cent. The interest rate margin on new other repayment loans to non-financial corporations increased by 0.26 per cent. In the same period, NIBOR fell by 0.05 percentage points to 1.02 per cent.

Increased interest rates on loans to non-financial corporations

For new other repayment loans to non-financial corporations, the interest rates increased by 0.21 percentage points to 3.01, while the interest rate on outstanding loans fell by 0.06 percentage points to 3.16 per cent.

Lower deposit rates for non-financial corporations

The interest rate on total deposits from households was stable at 0.86, while the interest rate for the non-financial corporations fell by 0.06 percentage points to 0.72 per cent in March 2016.

Interest rate for state lending institutions below 2 per cent

The interest rate from state lending institutions fell by 0.20 percentage points to 1.90 per cent, while the interest rate on loans from the State Pension Fund fell by 0.39 percentage points to 2.28 per cent.

Decreased share of fixes-interest loans (census)

The share of fixed-interest rate loans secured on dwellings to households from banks and mortgage companies fell from 8.8 per cent in December 2015 to 8.6 per cent in March 2016.