The world’s headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages.Jyske Bank A/S, Denmark’s third-largest lender, announced in early August a mortgage rate of -0.5 per cent, before fees. Nordea Bank Abp, meanwhile, is offering 30-year mortgages at annual interest of just 0.5 per cent.Years of easing by central banks hacked away at interest rates around the world, distorting the traditional economics of…
Source : South China Morning Post
Read more…Bank in Denmark will pay you to take out a mortgage. Yes, that’s right















