The average interest rate on the new housing loans rose slightly in September from August, as did the 12-month Euribor, the most common reference rate for new housing loans, said the Bank of Finland on Tuesday.
The average interest rate on new housing loans was 2.82%.
In September 2025, Finnish households drew down new housing loans to a total of EUR 1.3 billion, an increase of 11% on September 2024.
Despite this, new housing loan drawdowns were 18% below the average for September in 2011–2024. Of the new drawdowns, EUR 115 million, or about 9%, were buy-to-let mortgages.
The maturities of new owner-occupied residential mortgages and buy-to-let mortgages have lengthened from the previous year.
In September 2025, the average maturity of new owner-occupied home loans was 22 years and 11 months, compared with 22 years and 4 months a year earlier in September.
Correspondingly, the average maturity of new buy-to-let mortgages was 22 years and 1 months, as opposed to 22 years and 5 months a year earlier.
The share of loans with a maturity of over 20 years has increased: in September 2025 these loans accounted for 76.1% of all new housing loans, compared with 72.5% in September 2024.
With the growth in housing loan drawdowns, the stock of housing loans continued to contract only slightly in September 2025. Thus, the annual rate of change of the housing loan stock (EUR 105.7 billion) was minus 0.04%, compared with minus 0.77% in September 2024.
At the end of September, the stock of owner-occupied residential mortgages stood at EUR 96.7 billion (annual rate of change minus 0.3%), and the stock of buy-to-let mortgages totalled EUR 9.0 billion (annual rate of change 3.0%).
- Housing loans
- Interest
- Rise
- September
Source: www.dailyfinland.fi
