The Riksbank lowered the key interest rate by 0.25 percentage points in May to 3.75 percent. At the same time, it was announced that the interest rate may be lowered further during the year, if the inflation outlook holds – The last interest rate cut we finally got was almost a rush of joy for the households. Now we look to the rest of the year and have expectations that inflation will come down, says private economist Américo Fernández in Nyhetsmorgon. “Beginning to see a small thaw” Going forward, Fernández believes that we will see changes in the housing market in the fall. – We are starting to see a small ice breakup, or that it is starting to come to life after a long time in thought, says Américo Fernández. When the interest rate cuts start to show in the wallet, the number of sales on the housing market may increase again. – Then the prices will go up again, says Américo Fernández. The expert: Better with a variable interest rate right now A greater movement in the housing market means that more people also need to take a decision on how to set up the mortgage, often the choice is between a variable or fixed interest rate. – Right now, we are not likely to see much more movement on the fixed mortgage rates. It’s more linked to the long-term conditions, like when the US cuts interest rates and they’ve had a bit of a setback, so we shouldn’t expect too much movement, says Américo Fernández. The variable interest rate is more linked to the Riksbank, from which you can expect more reductions. Therefore, one can expect that the variable interest rate will also fall, says Américo Fernández. – If you look at this year, it is a little better with variable interest, says Américo Fernández. At the same time, there are other things that can determine which type of interest rate to choose, Fernández points out. – If you sleep well at night with something tied up, because you know that these things will not change month to month, that is an advantage. The economist’s three mortgage tips Américo Fernández. also has three tips for anyone moving in the mortgage market. The first is to compare between different banks. – It takes a lot of time, but when we are talking about 0.2 or 0.3 percent, from, for example, 4 percent to 3.5 percent in mortgage interest. If you have three million in loans, it could be about SEK 6,000 in a year. The second tip is that you should have room in your finances – you don’t have to max out your loan promise. – The last thing is that you should sell first and buy later, so that you don’t get ahead of yourself, says Fernández.
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