SEB raises Swedish mortgage rates 10-20bp across 1-10yr tenors

SEB, a major Swedish bank, is increasing mortgage rates for 1-10 year fixed terms by 10-20 basis points, effective Tuesday, while leaving the three-month rate unchanged. This follows a pattern of rate hikes by Swedish banks as funding costs rise, likely reflecting Riksbank policy expectations. The move signals continued upward pressure on Swedish household borrowing costs, potentially dampening housing demand and consumption.