Jyske Bank: Danish bank launches world’s first negative interest rate mortgage
Negative interest rates have already arrived at your friendly Danish mortgage lenders. They pay you .5% to borrow money to own your home. You’re still on the hook for amortization, but hey, as long as home values don’t decline that’s a good thing– at least in concept.
An inverted treasury yield curve usually doesn’t end well if history is any indicator. But coupled with $15 trillion of negative interests rates on government bond across the globe and a Texas Death Match trade war with China, strap on your seat belts.
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