Brendan Burgess
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20-Year Mortgages Hit Zero for First Time in Danish Rate History
Or 10 years at -0.5%
or 30 years at +0.5%
Or 10 years at -0.5%
or 30 years at +0.5%
Danish Bank issuing 20 year mortgages at 0%
- Thread starter Brendan Burgess
- Start date
Spanish friend of mine who laughed at my 2.6 percent mortgage just sent me that this morning, you beat me to posting it! Unbelievable that is. Hard to believe some people in Ireland are still paying over 4 percent. I don't think we'll ever see anything like the above here though.
The Irish Times: Chris Johns: Could Irish mortgage interest rates go negative?
www.irishtimes.com
Chris Johns: Could Irish mortgage interest rates go negative?
A Danish bank is offering a 10-year mortgage bond which carries a negative rate of interest
Danish banks levy charges separately to the interest rate.
So these loans seem to cost ~1%+ in reality, i.e. these negative rate Danish loans are probably still more expensive than the cheapest Irish tracker mortgages.
www.jyskebank.dk
"[Translated by google]Yes, you read right. You can now get a fixed-rate mortgage with a maturity of up to 10 years, where the nominal interest rate is negative. However, you are not exactly going to make money borrowing. Namely, there must also be paid, among other things, establishment fees and contributions, and there will be a loss of prices."
So these loans seem to cost ~1%+ in reality, i.e. these negative rate Danish loans are probably still more expensive than the cheapest Irish tracker mortgages.
Realkreditlån med fast pålydende rente på under nul procent
Ja, du læste rigtigt. Du kan nu få et fastforrentet realkreditlån med afdrag og med en løbetid på op til 10 år, hvor renten er under nul procent.
Good point which the Chris Johns article also makes.Danish banks levy charges separately to the interest rate.
So these loans seem to cost ~1%+ in reality, i.e. these negative rate Danish loans are probably still more expensive than the cheapest Irish tracker mortgages.
"[Translated by google]Yes, you read right. You can now get a fixed-rate mortgage with a maturity of up to 10 years, where the nominal interest rate is negative. However, you are not exactly going to make money borrowing. Namely, there must also be paid, among other things, establishment fees and contributions, and there will be a loss of prices."Realkreditlån med fast pålydende rente på under nul procent
Ja, du læste rigtigt. Du kan nu få et fastforrentet realkreditlån med afdrag og med en løbetid på op til 10 år, hvor renten er under nul procent.