New mortgage loans in Finland hit record high in September – bank

The volume of new mortgage loans in Finland in September amounted to 2 billion euros, which was another record, the average interest rate was 0.72%, according to the Bank of Finland.
“In September 2021, the issuance of new housing loans amounted to 2 billion euros. This is 6% more than in the same period a year earlier and more than ever in September. The average interest rate on new housing loans in September was 0.72%, ”the statement says.
The average interest rate has remained virtually unchanged over the past two years, the organization said.
“Despite the COVID-19 pandemic, the problems associated with home loans have remained small, despite the fact that the number of non-working (borrowers) has increased since the beginning of 2020. In the third quarter of 2021, the volume of non-performing loans decreased, and at the end of September the volume of non-performing loans amounted to 1.5% of the total volume of all home loans, ”the bank said.