Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.

Appetite for loans with variable interest rate

In recent months, Danish homeowners have moved their preferences towards mortgage loans with variable interest rate as opposed to loans with fixed interest rate. Danish homeowners’ new loans with variable interest rate in March was kr. 33.9 billion. When deducting kr. 18.5 billion in early redemption payments, new loans amounted to kr. 15.3 billion, which is the highest level of new loans net since fall 2011. Simultaneously, fixed-rate mortgage loans decreased net by kr. 6.6 billion. A net reduction in fixed-rate mortgage debt was last seen eight years ago, not taking instalments into account.