SpareBank 1 SR-Bank ASA: Increasing home mortgage rates
In light of Norges Bank raising its policy rate and higher borrowing costs for SpareBank 1 SR-Bank, the bank is adjusting its mortgage rates for existing customers by up to 0.25 percentage points. “Money market rates have risen over the winter, and faster than Norges Bank’s policy rate. We are adjusting our mortgage rates because the cost of borrowing has increased,” says Roger Lund Antonesen, Executive Vice President Retail Market of SpareBank 1 SR-Bank. While there is some uncertainty internationally, Norway is experiencing high levels of economic activity and low unemployment. Due