253463_not-searchable
/en/bank-og-finansmarked/statistikker/renter/maaned
253463
Increase in interest rate on new mortgages
statistikk
2016-12-02T08:00:00.000Z
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 margin on new mortgages increased by 0.03 percentage points, while the interest rate on outstanding mortgages remained stable in October. The lending margin increased by 0.04 percentage points.

Interest rates in banks and mortgage companies, October 2016

Content

Published:

This is an archived release.

Go to latest release

Increase in interest rate on new mortgages

The interest rate margin on new mortgages increased by 0.03 percentage points, while the interest rate on outstanding mortgages remained stable in October. The lending margin increased by 0.04 percentage points.

Banks and mortgage companies, interest rates to households1Published 2 December 2016
October 2016September 2016Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.392.360.03
Total loans secured on dwellings, floating interest rate2.382.360.02
Total loans secured on dwellings, fixed interest rate2.462.320.14
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.492.50-0.01
Total loans secured on dwellings, floating interest rate2.442.45-0.01
Total loans secured on dwellings, fixed interest rate3.033.07-0.04
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.271.190.08
Loan margins, total outstanding loans secured on dwellings to households1.371.330.04

Source: Statistics Norway

In October 2016, the fixed-interest rate on households’ new mortgages from a sample of banks and mortgage companies increased by 0.14 percentage points to 2.46 per cent. The floating rate on new mortgages increased by 0.02 percentage points to 2.38 per cent. The fixed-interest rate on outstanding mortgages fell by 0.04 percentage points to 3.03 per cent, while the floating interest rate on households’ outstanding mortgages was almost stable at 2.44 per cent.

Increased interest rate margin on mortgages to households

In October 2016, the interest rate margin on new mortgages to households from a sample of banks and mortgage companies increased by 0.08 percentage points to 1.27, while the corresponding interest rate margin on outstanding loans increased by 0.04 percentage points to 1.37 per cent. The banks’ deposit margins fell by 0.05 percentage points. The banks’ NIBOR fell by 0.05 percentage points to 1.12 per cent.

Interest rates on loans to non-financial corporations

For new other repayment loans to non-financial corporations, the interest rate was almost stable at 3.03 percentage points, while the interest rate on outstanding loans increased by 0.04 percentage points to 3.19 per cent.

Deposit rates

The interest rate on total deposits from households was stable at 0.74 per cent, while the interest rate on deposits from non-financial corporations fell by 0.02 per cent to 0.70 per cent in October 2016.