Author Topic: 20-Year Mortgages Hit Zero for First Time in Danish Rate History  (Read 138 times)

Mackin USA

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(Bloomberg) -- In Denmark’s $495 billion mortgage-backed covered bond market, another milestone was reached on Wednesday as Nordea Bank Abp said it will start offering 20-year fixed-rate loans that charge no interest.

https://www.msn.com/en-us/money/news/20-year-mortgages-hit-zero-for-first-time-in-danish-rate-history/ar-AAFtb2Z#page=2
Mr. Mackin

Rumbas

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Re: 20-Year Mortgages Hit Zero for First Time in Danish Rate History
« Reply #1 on: August 09, 2019, 12:22:18 PM »
It's insane and goes against everything we learned about financing.

littleman

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Re: 20-Year Mortgages Hit Zero for First Time in Danish Rate History
« Reply #2 on: August 09, 2019, 05:09:06 PM »
I don't understand how this could work unless there is some type of subsidy that is hidden.  Big investors  are likely to come in and buy up all the property -- pushing up prices out of reach for common folk.

Rumbas

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Re: 20-Year Mortgages Hit Zero for First Time in Danish Rate History
« Reply #3 on: August 11, 2019, 09:08:57 PM »
You have to pay an enormous amount of administration fees and other bs. House always wins.