Nordea raises fixed mortgage rates 5-21bp, 3-month unchanged

Nordea, a major Nordic bank, is raising fixed mortgage rates by 0.05-0.21 percentage points for tenors of 1-8 years, effective Wednesday, while leaving the three-month rate unchanged. This move reflects rising long-term funding costs or expectations of higher policy rates, potentially signaling a shift in the Nordic rate outlook. The change is modest but may indicate broader repricing in the mortgage market.