At the end of April, the Riksbank announced that the repo rate would be raised from 0 to 0.25 per cent.
The Riksbank's forecast is that the interest rate will also rise over the next three years and land at almost two per cent in the summer of 2025. The interest rate announcement may affect the housing market, whose rising price curve now appears to be falling.
- But basically we know very little about the future.
The same economists who now say that prices are going down ten percent, thought a year ago that prices would be stable or go up a little grand.
This is very moving matter, says Finansinspektionen's head Erik Thedéen in SVT's Agenda.
If housing prices were to fall by 20 percent, we would be back at the same levels as January 2020, before the corona pandemic, according to Thedéen.
More expensive to borrow
But with rising interest rates, it also becomes more expensive to borrow.
How much more expensive depends on what individual households have borrowed, points out the Riksbank's Governor Stefan Ingves in Agenda.
- It naturally strikes straight into the wallet for those who have loans at variable interest rates.
But at the same time, we and Finansinspektionen have been nagging for years that it is important to have the so-called "left to live on calculation".
You have to have a margin, otherwise it will of course be worrying, he says.
Make sure you have margins
People who want to enter the market can benefit from stable or falling housing prices.
But, Erik Tedén also points out the importance of having good margins.
- The council is now the same as it always has been.
You have to have very good margins.
Do not get caught up in the pursuit of getting the dream apartment and lending yourself up to the rafters.
Try to make sure you have margins, he says.
- You can not count on someone else turning my accommodation into an ATM with some kind of automatic, says Inves.
Is it the right time to buy a home now and what can you expect for interest in two years? In the clip, Stefan Ingves and Erik Thedéen answer.