Fewer mortgage bonds with low interest rates
From January to April, there has been a reduction in the value of 30-year fixed-rate mortgages with low interest rates as a result of a significant rise in the market interest rates, which has given borrowers an opportunity to cut a part of their outstanding debt by converting to a new mortgage loan with a higher interest rate. Thus, the value of 30-year fixed-rate mortgage bonds with an interest rate of 1.5 percent or less has fallen by kr. 95 billion. The value of bonds with a higher interest rate has increased by kr. 79 billion, corresponding to a net decrease in the total value of 30-year bonds of kr. 16 billion.