Housing Financing Fund Lowers Interest Rates Skip to content

Housing Financing Fund Lowers Interest Rates

Following a housing bond issue, the state-run Housing Financing Fund (HFF) has decided, effective as of yesterday, to lower the interest rates on mortgages by 0.15 percent.

Interest rates for HFF mortgages with a prepayment clause (in which a prepayment is allowed against a fee) are now set at 5.05 percent and without a prepayment clause at 5.55 percent, ruv.is reports.

The government presented changes to the HFF last week in an attempt to improve access to mortgages, revive the stagnated real estate market in Iceland and strengthen the economic situation overall.

Click here to read more about that story.

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article