Also, as a Norwegian, risks related to refinancing in the case of a falling interest rate don't exist. Mortgages are floating-rate by default. If you enter a fi

Also, as a Norwegian, risks related to refinancing in the case of a falling interest rate don't exist. Mortgages are floating-rate by default. If you enter a fixed interest rate contract, you are on the hook for the entire interest difference of the duration of the fixed rate contract if you terminate the contract. 10 year fixed rate contract, loan of 1 million and the rate falls from 3% to 2% on the second day of the contract -- if you terminate the contract now, you owe the bank 1% of the sum of whatever your loan balance would have been during each of the next 10 years. To be fair, you get the opposite deal if the interest rate rises.