Fixed interest rates of one year or longer have become cheaper, while variable loans remain at the same level. So is it time to fix the interest rate?
– Financially speaking, it is usually best to be flexible, says Christina Sahlberg, savings economist.
The market believes in lower interest rates going forward, and then the banks can reduce fixed mortgages already now.
The variable interest rates have not decreased as much. It has to do with the fact that it is more expensive for the banks to borrow money in the short term, and then lend it to customers.
The variable interest rate is expected to be lowered
But the market believes that the Riksbank will lower the policy rate by 1.5 percentage points next year – even though the Riksbank has not said that it will.
If the market is right, variable loans will also be cheaper next year.
– The floating interest rates will go down more soon, says Christina Sahlberg, savings economist at Compricer, in TV4 Nyheterna.
In addition, revolving loans tend to be cheaper over time.
Not good with partially tied loans
It is a rapidly changing interest rate environment, and the banks are lowering interest rates at different rates. One of the most common tips from economists is to move the loans to a bank with better offers.
However, it can be difficult if you have tied up the loans in part.
– I would recommend either movable or bound. Otherwise, you may find yourself in a situation where you get a better variable interest rate with another bank, but cannot switch because that part of the loan is tied up.
– If you want to know what you have to pay each month and feel safe, there is nothing wrong with moving, says Christina Sahlberg.