FX.co ★ Swedish Household Lending Growth Ticks Down

In November 2025, the annual growth rate of lending to Swedish households slightly decreased to 2.8%, down from a near three-year peak of 2.9% in October. Housing loans, which constitute 83% of total household lending, experienced a year-on-year growth of 2.7%. In contrast, consumer loans, which represent 6% of household lending, saw a growth of 3.1%, a decline from 4.4% in October. Lending to non-financial corporations rose by 3.5% over the year. The average interest rate on new mortgage agreements fell marginally to 2.71% in November, compared to 2.72% in the previous month. However, the average fixed rate for new housing loans with maturities of 1-5 years remained stable at 2.89%. Household deposits increased to SEK 2,872 billion from SEK 2,853 billion in the prior month, with 75% of these deposits held in on-demand accounts.