This could mean more expensive mortgages

Nibor's money market interest rates have risen sharply in recent weeks. According to DN, it is now at its peak since the end of 2016. The last money market rate has risen to its present level, the largest banks in the country have decided to raise interest rates on mortgages.

Credit analyst Pål Ringholm at Sparebank 1 Markets says that there are conditions that raise interest rates from abroad, specifically in the United States.

"There are basically two things that govern Nibor: There are either external moves, that is, from the US, or because the Norwegian market is waiting for Norges Bank to raise its interest rate," explains Ringholm.

Ringholm does not think that domestic interest rates have been rising in recent weeks.

Nils Kristian Knudsen's strategy on Handelsbanken's capital markets in October said it was only a matter of time when several banks followed interest rate hikes if Nibor continued to grow.

Source link