Some brouhaha around this in Denmark: Jyske Realkredit is ready with a fixed-rate mortgage with a nominal interest rate of minus 0.5%. 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
The post It’s not a negative rate mortgage, it’s an Orwellian mortgage appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]