#bank

undefined | Prepared for reduced mortgage rates - make demands on the bank by Sweden Herald Mortgage lenders’ borrowing costs are clearly falling after the recent cease‑fire agreement between Iran and the United States, prompting questions about whether banks will pass those savings on to borrowers. Consumer‑protection economist Moa Langemark of the Swedish Financial Supervisory Authority urges customers to demand lower mortgage rates, noting that banks typically aim to maximise profit and will only adjust rates if they feel pressure from the market and their clients. On Wednesday, longer‑term Swedish market interest rates slipped by roughly 0.10–0.20 percentage points, with shorter‑term rates also retreating. This decline follows a period earlier in the year when the war in the Middle East drove rates up, forcing lenders such as state mortgage bank SBAB to raise fixed‑mortgage rates. Now that financing costs are easing, Langemark expects banks to review their pricing and offer more competitive terms. Major lenders, including SEB, have said they are monitoring market developments and will announce any changes to mortgage or savings rates when decisions are made. For consumers, Langemark stresses the importance of vigilance and active comparison of offers. When interest rates fall, customers should check whether their bank is lagging behind competitors in lowering rates; if it is, switching to a lender with better terms may be advisable. She points out that banks have recorded historically high profits in recent quarters, indicating that many borrowers remain too passive, and encourages customers to question their banks and move on if the banks do not align their rates with prevailing market conditions. Read more: undefined #businessnews #swedishfinancialsupervisoryauthority #unitedstates #bank #mortgagelenders

#fotovorschlag "Sitzgelegenheit" Verschneite Bänke an der "Küchenhütte" auf dem #Borberg-Kirchhof bei #Brilon Februar 2011 (Hans Martin Köster) #Brilon #Bank #Borberg #Winter #Schnee #Wald #Sauerland #Hochsauerland