Norway mortgage demand rises as rates fall, c.bank survey shows

Sparebank 1 Nord-Norge

06/08/2020 09:01

OSLO, Aug 6 (Reuters) - Demand for mortgages in Norway rose
significantly in the second quarter, a sharp turnaround from
earlier this year amid lower interest rates that drove an upturn
in the housing market, a quarterly central bank survey showed on
Thursday.
    "Demand for first-home mortgages has risen, though less than
overall residential mortgage demand," Norges Bank said.
    In the third quarter, mortgage demand is expected to ease
slightly, the survey showed.

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))