Danish banks offer 30 year mortgages for 0 %.....

Discussion in 'Wall St. News' started by Nighthawk, Aug 7, 2019.

  1. Nighthawk

    Nighthawk

    20-Year Mortgages Hit Zero for First Time in Danish Rate History

    https://www.bloomberg.com/news/arti...ar-mortgages-at-zero-interest-as-rates-plunge

    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.

    The development follows an announcement earlier in the week by Jyske Bank A/S, which said it will start issuing 10-year mortgages at a coupon of minus 0.5%. Danes can also now get 30-year mortgages at 0.5%, and Nordea recently adjusted its prospectus to allow for home loans up to 30 years at negative interest rates.

    Why do you want to live in the USA? Move to Denmark! LOL! LMAO! ROFL! :D:D:D:cool::thumbsup:
     
  2. This will usher in a future brighter than anyone can imagine
     
  3. Yeah... like when our sun goes super nova.
     
  4. RedDuke

    RedDuke

    Ok, now I know what to expect in US during next crisis. makes no sense to stay in cash, assets prices will go parabolic.
     
    Seaweed and nooby_mcnoob like this.
  5. Enjoy the ride.... No inflation though!
     
  6. destriero

    destriero

    Our Sun isn’t massive enough to supernova, dump truck.
     
  7. Overnight

    Overnight

    Indeed. The eco-pussies in the world crying about global warming now and are worried about their children's future? Feel pity for the poor souls who will have to endure the eventual expansion of our sun at the end of it's life. Maybe in 5 billion years when that starts to happen they'd have finally designed a Mr. Fusion™ Home Energy Reactor, and have used a lot of those to get us the hell out of here.
     
  8. R1234

    R1234

    Those new Danish homebuyers will be underwater after the loan term. Literally underwater.
     
    murray t turtle and destriero like this.
  9. Handle123

    Handle123

  10. RedDuke

    RedDuke

    #10     Aug 8, 2019