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Economy

Low Interest: Mortgage Applicants

Published onsdag 22 april 2009 kl 10.41

The newspaper “Svenska Dagbladet” reports that record low interest rates here have led to a big increase in mortgage applications.




The newspaper says the strong demand comes even though the banks have tougher requirements for home loans today than they did a year ago.

On Tuesday the Swedish central bank lowered its key interest rate even further, halving it to 0.5 percent, the lowest level ever here.

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