The trick for bound or moving mortgage rate.

The classic answer to whether to bind the mortgage rate is to look after your own finances. Only households are able to raise the interest rate that will have three -month interest rates, what we usually call variable interest rates.

Despite this, many Swedes have chosen the three -month interest rate and have seen their mortgage rate rise sharply and then sink back slightly.

During the autumn, the boundary rates were lower than the moving and it is quite unusual. This was due to the fact that the boundary rates are partly governed by the market’s expectations of interest rates in the future.

Last year, many believed that the Riksbank would lower its policy rate and so was it. Until the latest message on March 20, when the policy rate was left unchanged at 2.25 percent.

The Riksbank refers to The uncertain situation in the outside world and predicts that the interest rate will remain at today’s level in the future. It has caused several banks to raise their bound mortgage rates.

Right now, the difference is not that great, but the distance is likely to increase over time. Therefore, it is important to keep track of how the bound mortgage rates change. Compricer Has a service that lists mortgages with different binding times.

At State SBAB, for example, the three -month interest rate is 3.11 percent and the bound five -year rate of 3.37 percent. The difference is thus not so great right now, but both interest rates can change so it is important to keep up.

Usually the mortgage rates are located Tied off for a longer period quite much higher than the three -month interest rate. This is because the bank takes the risk if the mortgage rate is higher than the level you have tied to. The cost can be likened to an insurance premium.

The trick is about continuing with the three -month interest rate and setting off money as if the interest was bound for, for example, 5 years. You will keep the difference yourself. Here’s how you do:

1. Special account. Open an account only for the mortgage rate from which the bank deducts the interest cost.

2. Retain variable interest rates. You keep your three -month interest rate as usual.

3. Pretend interest bond. For example, choose the five -year interest rate and insert the corresponding amount in the account each month. Right now, the difference at SBAB is just under SEK 220 a month for a loan of SEK 1 million, but that can change so the difference will probably be greater in the future.

4. Check out interest rate development. It is important that you keep track of when, above all, the bound interest rates change and adjust the amount you put away. n

5. Equalizing or repaying. Since you retain the insurance premium yourself instead of giving it to the bank, you will build up a savings capital. You can either use the savings money to pay for any interest rate hikes or to repay the loan to reduce the interest cost.

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