Swedish Household Lending Rate Unchanged in February

The annual growth rate of lending to Swedish households stood at 3% in February 2026, unchanged from the previous month, and remained at the highest level since January 2023. Housing loans, which accounted for 83% of total household lending, also grew steadily at 2.9%, while consumer loans, representing around 6% of household lending, edged down by 3.1%. Lending to non-financial corporations expanded by 3.8%, from a 0.3% growth in the same month last year. Meanwhile, the average floating mortgage rate ticked down to 2.64% in February from 2.66% in January, while the average fixed rate on new housing loans with maturities of 1-5 years decreased to 2.90% from 2.98% in the previous month. The average interest rate on new mortgage agreements inched down to 2.66%. On the funding side, household deposits totaled SEK 2,891 billion, with 75% held in on-demand accounts.

The annual growth rate of lending to Swedish households rose to 3% in January 2026 from 2.9% in the previous month, marking the highest level since January 2023. Housing loans, which accounted for 83% of total household lending, also grew steadily at 2.9%, while consumer loans, representing around 6% of household lending, increased by 3.2%. Lending to non-financial corporations expanded 3.7%, a sharp turnaround from a 0.5% contraction in the same month last year. Meanwhile, the average floating mortgage rate edged higher to 2.66% in January from 2.65% in December, while the average fixed rate on new housing loans with maturities of 1–5 years rose to 2.98% from 2.93% in the previous month. The average interest rate on new mortgage agreements increased slightly to 2.7%. On the funding side, household deposits totaled SEK 2,888 billion, with 75% held in on-demand accounts.

The annual growth rate of lending to Swedish households rose to 2.9% in December 2025, returning to October’s nearly three-year high, from 2.8% in November. Housing loans, which accounted for 83% of total household lending, also grew steadily at 2.9%, while consumer loans, representing around 6% of household lending, increased by 3.2%. Lending to non-financial corporations expanded 3.6%, a sharp turnaround from a contraction in December 2024. Meanwhile, the average floating mortgage rate continued its downward trend, easing to 2.65% in December from 2.68% in November, while the average fixed rate on new housing loans with maturities of 1–5 years edged slightly higher to 2.93%. The average interest rate on new mortgage agreements stood at 2.69%. On the funding side, household deposits totaled SEK 2,871 billion, with 75% held in on-demand accounts.