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Länsförsäkringar bank puts its mortgage rates up likely the start for others to follow

Saturday, 24 August 2013
On August 26,  mortgage lender,  Länsförsäkringar will  raise its interest rates for mortgages for the loaning period range of 2 and 7 years.

According to a press release, the bank writes that the two-year interest rate is pulled up 7 basis points to 3.07 percent and three-year interest rate by 10 basis points to 3.18 percent.
Four-year rate increased ten basis points to 3.54 percent, while the five-year rate is adjusted up 10 basis points to 3.61 percent. Seven years increased by 7 basis points to 4.02 percent.
Lending rates for home loans for homes, vacation homes, and condominiums are left on the same level.

Below are the current mortgage rates, as amended, for housing loans for homes, vacation homes, and condominiums:


New interest


3 months2.93%UNCHANGED
1 year2.94%UNCHANGED
2 years3.07%0.07%
3 years3.18%0.10%
4 years3.54%0.10%
5 years3.61%0.10%
7 years4.02%0.07%
10 years4.30%UNCHANGED
Source: Länsförsäkringar bank

There are indications that the other lenders could follow the crusade - afterall with the booming Swedish house market, this is a major sources of revenue for the lenders.
by Team

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