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DNB raises interest rates on mortgages

DNB services stress testDNB logo. Photo Norway Today Media.

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DNB bank is the first to raise its interest rates on mortgages after Norges Bank raised its key interest rate on Thursday.

On Thursday, Norges Bank raised the key rate by 0.25 percentage points. DNB is now following and raising its mortgage rate by 0.25 percentage points.

In recent years, interest rates in Norway have been at a record low, and an increasing key policy rate from the Norwegian central bank is a sign that the Norwegian economy is still doing well. This has an effect on mortgage rates, which is why they are now raised. DNB will continue to offer competitive loan terms, says Ingjerd Blekeli Spiten, Executive Vice President for DNB’s retail market.

Customers who get their interest rate adjusted will be given information via the online bank or letter. For these customers, the interest rate adjustments will take effect from 7th November.

© NTB Scanpix / #Norway Today

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