the Crown so the bank wins – tails you lose the customer. These are the rules of the game have been between the depositors and the banks-particularly over the last decade.
It was the years after the financial crisis that the banks ' margins on mortgages began to climb to historic levels. The customer had become increasingly leaner fragment of the lågräntekakan. In connection with the Riksbank introduced minusränta 2015 lending rose took the banks to widen their vinstutrymme further.
In december 2017 was the difference between the banks ' cost of funds and the customer's mortgage rate a record high of 1.71 percentage points. It shows the Swedish financial supervisory authority to statistics, which stretches up to september of last year.Link to the graphics
in december, it seemed – finally – to the stars stood right in the sky.
There were several reasons that the banks would have difficulty raising mortgage interest rates and instead are forced to squeeze their margins. The historically high prutmånen spoke to the customers would not have to carry the load.
the Bank Nordea's analysts assessed as late as in december, a tougher competitive environment would make it difficult to pass on costs. New contenders have begun to settle into the mortgage market.
banks usually have a hard time to keep up with a so-called räntehöjningscykel. Usually notice to the customer rise with a certain delay.
And another fact that indicated that households would not be affected by the interest rate hike was to get took advantage of the policy rate cuts made in 2015 and 2016. The riksbank's last rate reduction, from -0,35 to -0,5 per cent, was only half the effect on housing loans.
The opposite had been logical. Perhaps also fair.
have the four major banks, plus the state-SBAB, raised its variable interest rates for mortgages by between 0.2 and 0.25 percentage points.
SEB was the last to give notice on the Wednesday. All refers to the increase in the federal funds rate and increased funding costs.
It is not a lie. Stibor, the reference interest rate that gives a hint about the banks ' costs, has risen by around 0.1 percentage points since the Riksbank's decision. In addition, ticked it up the months before.
at the level where it was in early summer 2015. But banks ' interest rates was thus higher than they were at the same time.
there Is something that bites on their wider margins?
Read more: So, do you to get the best interest rate on mortgage