Fresh Wave of Mortgage Rate Hikes Send Lowest Five-Year Fixes Above 5%

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State-owned SBAB raises interest rates on mortgages with 1-10 year fixed terms. “The continued rise in longer market interest rates has led to higher costs for our financing and we must therefore adjust mortgage rates up,” says Mikael Inglander, CEO of SBAB, in a press release.

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The state-owned mortgage bank SBAB is raising interest rates on mortgages with terms of 1-10 years. The interest rate on mortgages with a term of three months, so-called floating interest rates, is left unchanged.

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The state-owned mortgage bank SBAB is raising interest rates on mortgages with terms of 1-10 years. The interest rate on mortgages with a term of three months, so-called floating interest rates, is left unchanged. Mortgages with a one-year fixed term will be raised by 0.10 percentage points, while interest rates on mortgages with a 2-7-year fixed term will be raised by 0.20 percentage points. For loans with a ten-year fixed term, there will be a…