Mortgage Rates Surge: DNB and Nordea Increase Fixed Interest Rates – What You Need to Know!

Then we have bad news for you. It became much more expensive to make an agreement with the bank on a fixed, agreed interest rate for the next three, five or ten years. At least if your mortgage is with the big banks Nordea or DNB.

DNB fixed interest rate today

Nordea increased its fixed interest rates by 0.15 percentage points on Tuesday and heading into the weekend DNB made it even harder by adding 0.3 percentage points for all fixed periods to this -now the fixed interest rate they offer:

3 years: 4.79 (nominal) 4.97 (effective)

5 years 4.64 (specified) 4,82 (effective)

10 years 4.64 (specified) 4,82 (effective)

There are frequent unusual changes in the fixed rate offers this autumn. It was only days away Nettavisen referred to what he called a “historically good offer” with the ability to tie the interest rate below four percent at the end of September, to interest rates have been adjusted upwards at several banks.

The third time

– Market interest rates have changed rapidly throughout October, and now we have changed the interest rate on fixed rate loans again. Although the interest rate on such loans often changes more frequently than flexible rate loans, it is still unusual for the interest rates on fixed rate loans to change as often as they did on last month. This is the third change in the interest rate on fixed rate loans since mid-September, said Marianne Wik Sætre in DNB to Nettavisen.

She describes a significantly higher interest in fixed rate loans among bank customers this autumn, but still 94 percent of DNB’s mortgage portfolio is priced with a floating rate.

Here you can read more about fixed interest rates and the risk you have if you ask the bank for that type of loan.