The annual growth rate of lending to Swedish households inched up to 3.1% in May 2026 from 3.0% in April, reaching its highest level since January 2023. Housing loans, which made up 83% of total household borrowing, expanded by 3.2%, while consumer credit, accounting for around 6% of household lending, increased by 1.6%. Lending to non-financial corporations also gained momentum, rising to 3.3% from 3.1% in the previous month.
At the same time, mortgage borrowing costs continued to ease. The average floating rate on housing loans fell to 2.78% from 2.81%, and the average fixed rate on new housing loans with maturities of one to five years declined to 3.25% from 3.29%. The average interest rate on new mortgage agreements overall slipped to 2.83% from 2.88%.
On the funding side, household deposits increased to SEK 2,967 billion. Of this total, 74%—equivalent to SEK 2,208 billion—was held in demand accounts.
