FX.co ★ Swedish Household Lending Growth at 3-Year High

The annual growth rate of lending to Swedish households rose to 3% in January 2026, up from 2.9% in December, reaching its highest level since January 2023. Housing loans, which made up 83% of total household lending, increased by 2.9%, while consumer credit, accounting for around 6% of household lending, grew by 3.2%. Lending to non-financial corporations expanded by 3.7%, a marked reversal from the 0.5% decline recorded in the same month a year earlier.

On the interest rate side, the average floating mortgage rate inched up to 2.66% in January from 2.65% in December. The average fixed rate on new housing loans with maturities of 1–5 years rose to 2.98%, compared with 2.93% in the previous month. Overall, the average interest rate on new mortgage agreements increased slightly to 2.7%.

On the funding side, household deposits amounted to SEK 2,888 billion, with 75% held in on-demand accounts.