SpareBank 1 SR-Bank ASA; Increasing home mortgage rate
SpareBank 1 SR-Bank is adjusting its home mortgage rate for existing customers by up to 0.25 percentage points These changes are taking place due to increased borrowing costs for the bank. ‘As the economy stabilizes, we are seeing interest rates increase from the historically low levels we have seen during the COVID-19 pandemic. In recent months, the money markets have risen, which means that the bank’s borrowing costs have also increased. We are therefore adjusting our rates, but will remain competitive going forward,’ says Jan Friestad, EVP for the Retail Market at SpareBank 1 SR-