On Thursday, the Riksbank is expected to raise the policy rate again.
For mortgage borrowers who have already been severely tested, an increase can be felt heavily in the wallet, according to a survey that SBAB commissioned Kantar to do.
– If we look at everyone with a loan-to-value ratio of over 50 percent, about a third state that they may have to withdraw their savings this fall to pay for housing costs, says Linda Hasselvik, private and housing economist at SBAB.
State-owned SBAB has asked 1,000 mortgage borrowers how an increase in the policy rate by 0.25 percentage points would affect their finances.
Of course, those with a loan-to-value ratio of over 50 percent of the home’s value are most severely affected – where in some cases it risks becoming unsustainable.
– It is not financially sustainable to have to use your saved funds to pay for running costs, notes Lina Hasselvik.
Of the 1,000 people who participated in SBAB’s survey, 17 percent answered that a relatively small increase in the interest rate would affect their personal finances very negatively.
– It is a consequence of the fact that many people have seen their mortgage interest rates quadruple over the past 18 months, says Linda Hasselvik.