First, cut Danske Bank rate to a record low level. Now follow DNB after.
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the Danske Bank was the first big bank that lowered mortgage rates at record low levels.
mortgage rates are cut by up to 0.15 percent, according to a press release on their website.
– I can not remember that we ever experienced such interest rate levels, says Country Manager Trond F. Mellingsæter.
the new nominal interest rate to young academic customers is 1.9 percent, and according to the bank probably the lowest rate ever been offered in Norway.
New interest rate on “mortgage Young” will be 2.10 per cent, while for conventional mortgages over two million, the interest rate of 2.45 percent.
the changes taking effect from 29th March for new loans, and from June 6 to existing customers.
DNB also cut interest rates on mortgages by up to 0.15 percentage points.
– As a result of developments in the interest rate market and competitive situation, DNB decided to cut interest rates on mortgages by up to 0.15 percentage points. Interest rates on fixed and floating mortgages are now a record low, says executive vice president for retail banking, Trond Bentestuen in a statement.
DNB’s best interest offers are of 1.90 percentage points, which would apply to young people who will establish for the first time , so-called BLU Start.
the new prices will be effective from 29 March for new loans, while for existing customers enter the interest rate change effective May 30.
– All clients who receive rate cuts will be notified by online bank or postal mail with the interest, stressing Bentestuen.
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