FACTS: Price status of loans > 2 mill. with requirements for membership, effective rate
Price status 13. march 2017
Price-change after 1. january 2017
ASSESMENT: market has cooled down
KLP Bank increases interest rates: 0.04% increase after Oct. 2016 is followed by an additional 0.16% increase on January 2. 2017 while KLP Bank (medl.) rates increased once by 0.21%.
The pattern of constantly increased interest rates does not apply to all market participants. After 1.jan.2017 decreased number of price changes is noticed together with increased average rates for internet and large banks (comparing with the data before jan.2017).
Selected Regional/local banks after 1.jan.2017 seem to be more stable as only Totens Sparebank increased its interest rates.
After Oct.2016 market became “hot” as Nordea Bank increased mortgage prices which was followed by DNB and majority of other banks. Lower number of price changes during the period of 1.jan.-13.march 2017 indicates that market has “cooled down”.
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Kilder: earlyWarning, Finansportalen
*Effective rate for loan > 2 mill w/floating rate
