Sweden Household Lending Growth Steady at 3%

The annual growth rate of lending to Swedish households edged up to 3.1% in May 2026 from 3.0% in April, marking its highest level since January 2023. Housing loans, which accounted for 83% of total household lending, grew by 3.2%, while consumer loans, representing around 6% of household lending, increased by 1.6%. Lending to non-financial corporations also accelerated to 3.3% from 3.1% in the previous month. Meanwhile, mortgage borrowing costs eased, with the average floating housing loan rate declining to 2.78% from 2.81%, while the average fixed rate on new housing loans with maturities between one and five years fell to 3.25% from 3.29%. The average interest rate on new mortgage agreements also decreased to 2.83% from 2.88%. On the funding side, household deposits rose to SEK 2,967 billion, with 74% held in demand accounts, amounting to SEK 2,208 billion.

The annual growth rate of lending to Swedish households remained at 3.0% in April 2026, unchanged from March, and holding at its highest level since January 2023. Housing loans, which accounted for 83% of total household lending, grew by 3.1%, while consumer loans, representing around 6% of household lending, increased by 1.5%. Lending to non-financial corporations also went up 3.1%. Meanwhile, the average floating mortgage rate rose to 2.81% in April from 2.65% in March. The average fixed rate on new housing loans with maturities between one and five years increased to 3.29% from 3.02% in the previous month, while the average interest rate on new mortgage agreements climbed to 2.88%. On the funding side, household deposits totaled SEK 2,941 billion, with 74% held in demand accounts, amounting to SEK 2,190 billion.

The annual growth rate of lending to Swedish households rose to 3.1% in March 2026 from 3.0% in the previous month, and remained at the highest level since January 2023. Housing loans, which accounted for 83% of total household lending, also grew by 3.0%, while consumer loans, representing around 6% of household lending, increased by 3.5%. Lending to non-financial corporations expanded 3.2%, a sharp turnaround from a 0.6% increase in the same month last year. Meanwhile, the average floating mortgage rate edged up to 2.65% in March from 2.64% in February. The average fixed rate on new housing loans with maturities of 15 years rose to 3.02% from 2.90% in the previous month, while the average interest rate on new mortgage agreements increased to 2.74%. On the funding side, household deposits totaled SEK 2,902 billion, with 74% held in on-demand accounts, amounting to SEK 2,158 billion.