As pathy said, you can usually change your variable-interest loan into a fixed-rate loan for 3, 5 or 10 years at a time. Few people do this, because you can expect to pay more over the lifetime of the loan, as insurance. Although the percentage has been higher now, since long-term rates were at record low levels in 2011-2013.
The big killer of homeowners is unemployment, not climbing interest rates. In Norway, you regardless can't get a loan unless you are currently able to maintain a mortgage of 5 percentage points higher interest rate than the current variable rate. So the system is quite safe.
Clever! Doubtless this prevents issues like what the US faced in the sub-prime mortgage fiasco.
Currently SBAB (one of banks) offers 3month list rate at 2.9% and 10 year at 4.47%. Though that 10 year fixed rate right now would be quite insane. Most likely not going to be a good choice all things considered.