Who buys the 1 per cent mortgage bond?
30-year fixed-rate mortgage bonds with coupon rate of 1 per cent has since the introduction increased to kr. 116 billion. Of this, kr. 81 billion is issued in July alone, which is the largest monthly issue to date for 30-year mortgage bonds. Homeowners have converted mortgages to lower coupon rates to a record extent, in connection with the falling market rates.