No one expects the central Bank of the day stirs the interest rate, when the executive board’s rentebeslutning is known at 10.
In June said the central bank that the interest rate will most likely be set further up in the course of the year, and it all wonder what the governor says about renteutviklingen forward.
Elisabeth Realfsen in Finansportalen says that many banks have put down their fastrenter on the mortgage the last few weeks.
Photo: the Norwegian Consumer council / press photo
the interest rate on to borrow money to the states has fallen sharply. In Norway, it has also fallen, and a ten-year-renta is now 1,14 percent, which is lower than the styringsrenta in Norges Bank.
Norges Bank raises key rate to 1.25 per cent
the Development in rentemarkedene reflect a more pessimistic belief in the future.
It stands in contrast to Norwegian households, who, according to Finance Norway’s forventningsbarometer looks brighter on the prospects for their own and the Norwegian economy now than three months ago.
Fastrenter lower than the floating interest rates
House prices down 0.2 per cent in June
What is special now is that you can bind boliglånsrenta in the ten years down to three per cent. It is especially low. It is equivalent to a medium competitive floating interest rate, ” says Elisabeth Realfsen, managing director at Finansportalen.
In several banks, it is now cheaper to borrow money at a fixed interest rate than to have a floating rate of interest on the boliglånet.
With effect from Wednesday this week put the country’s largest bank, DNB, down its fixed rate ten-year bond to around three per cent effective rate, depending on the loan amount, and provided at least 25 per cent equity.
Huseiernes Association worried that it is becoming increasingly expensive to bu
at the same time is most favourable three-year fixed rate in KLP at 2,56 percent annual effective interest rate with the same equity requirements. For comparison is the interest rate on a floating loan at the same bank, with the same assumptions, at least 2,83% effective interest rate, 0,27 percentage points over.
Very rare
Usually you have to pay extra to insure against increased interest expenses in the future. But the sharply declining international interest has turned also Norwegian rentemarkeder on the head.
It is far from the normal that fixed interest rates are lower than the floating interest rates.
Now, I have worked very many years in the bank, and with the mortgage. I do not remember that this has happened many times, it is very rare, “says kredittsjef Anders Hvoslef-Eide in the municipalities’ own bank, KLP.
Historically has not served to have a fixed rate on the boliglånet. Many of our customers have had fixed earlier, but have been glad to get out of them, ” says Anders Hvoslef-Eide, kredittsjef in KLP-bank. He tells us that the demand for fixed-rate loans has been increasing the last few weeks.
Photo: Johan B. Sættem
But even though the KLP provides loans with a fixed interest rate for three years at an interest rate which is under the fluid, he will not recommend any to bind. Historically, most of those who have bound renta lost on it.
No, we do not think it is our role to recommend the fixed rate. If the floating interest rates in retrospect, when falling a lot, we will be able to have given a bad advice. But we inform about the advantages and the disadvantages of, respectively, the floating interest rate and fixed interest, ” he says.
– Look at the fixed rate as an insurance
John Sætre is head of the residential market in Nordea.
He has even had a fixed rate at half the boliglånet in a long time, but believe no one should tie the interest rate because they believe they should serve on it.
– If you select a fixed or floating rate of interest on the boliglånet should be considered what kind of risk profile you want on the money they lend, ” says John Sætre, who is the manager of the residential market in Nordea.
Photo: Gorm Kallestad / NTB scanpix
It is a decision exactly in the same way that I choose to have insurance on the house, the car, and on my children. It is insurance that I never have the desire to take advantage of, but I pay a little extra to be able to sleep well at night, if things should go wrong, ” says Sætre.
Finansportalens Elisabeth Realfsen agree with the banks ‘ assessments of who should tie the interest rate.
People flock to large parts of the built-Norway – house prices increase
The only good rationale for binding boliglånsrenta is that one insures themselves against a renteoppgang that one either does not want to, or can’t withstand. You should probably not believe that it is something that you should earn money on. But you will insure you against a renteoppgang can the banks offer in the day be something to consider, ” she says.
