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It’s not a negative rate mortgage, it’s an Orwellian mortgage

August 12, 2019 - 10:30 -- Admin

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.

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