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.
Danish homeowners shift from fixed to variable interest rates
In 2025, homeowners opted out of fixed‑rate mortgages in favor of variable‑rate mortgages. Thus, the number of Danes with a fixed‑rate mortgage fell by 43,000 during the year (equivalent to 4.6 pct.), while the number of Danes with a variable‑rate mortgage increased by 32,000 (equivalent to 4.0 pct.). At the same time, the difference in the size of mortgage debt (median) for the typical borrower with variable versus fixed interest rates has grown. The typical debt for homeowners with variable‑rate mortgage loans increased to just over kr. 900,000 at the end of 2025, while the typical debt for homeowners with fixed‑rate loans decreased slightly to just under kr. 650,000. Variable‑rate mortgage loans make up a larger share of mortgage debt in and around the major cities and in North Zealand.
The number of homeowners with fixed‑rate mortgage loans fell by 43,000 in 2025
Note:
The figure shows the annual change in the number of Danish private customers with mortgage loans from 2021 to 2025, divided between borrowers with fixed‑rate and variable‑rate loans. Note that there is an overlap between the two categories, as the same person may have several loans at the same time with both fixed and variable interest rates. In the text, the term “typical borrower” refers to the median. The median is the middle value in the distribution. This means that half of homeowners’ mortgage loans lie above the median, and half lie below. The median is used to describe a typical value because it is not affected by a few very high or very low values. If several borrowers share a loan, it is divided equally between them. Find the chart data in the Statbank here.