On a four-million-krone loan, the gap between two and four cuts this year is about NOK 1,900 a month. That is not a marginal difference in a household budget.
Those already on a fixed rate notice nothing now. They notice when the fixed term ends, and then all at once.
The arithmetic
- Loan: NOK 4,000,000 over 25 years, annuity
- With two cuts: about NOK 24,100 a month
- With four cuts: about NOK 22,200 a month
This article is not investment advice. The figures use current terms, and your bank may have others.
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