SBAB raises 3-month mortgage rate, cuts longer tenors

Swedish state-owned mortgage lender SBAB raised its three-month mortgage rate by 22bp while cutting rates for two-to-ten-year tenors by 15-20bp, leaving the one-year rate unchanged. This reflects a steeper yield curve and shifting rate expectations in Sweden, likely signaling market pricing for near-term policy easing followed by higher long-term rates. The move may influence Swedish housing market sentiment and mortgage demand.

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