The Swedish Financial Supervisory Authority (Finansinspektionen) published a compilation of mortgage rate data showing that the average rate on new and renegotiated variable-rate mortgages fell in the fourth quarter of 2025, while differences between banks remain large. Among the eight largest mortgage banks, the average rate in December was 2.61%, with a 0.23 percentage point spread between the highest and lowest average rates. For a SEK 2 million mortgage, this corresponds to just over SEK 4,500 in additional annual interest costs. The authority also pointed to major banks’ fourth-quarter 2025 results remaining at high levels and urged consumers to compare, negotiate and switch banks if needed, alongside avoiding non-interest-bearing savings accounts in favour of deposit-guaranteed savings accounts with higher rates and reviewing fund fees, which can vary significantly and accumulate to large sums over time.
Swedish Financial Supervisory Authority report shows variable mortgage rate gaps can cost households over SEK 4,500 a year
The Swedish Financial Supervisory Authority (Finansinspektionen) reported a decline in average rates for new and renegotiated variable-rate mortgages in Q4 2025, with significant rate disparities among banks. It advised consumers to compare and negotiate mortgage rates, switch banks if necessary, and opt for deposit-guaranteed savings accounts over non-interest-bearing ones.