Denmark - 10 years at minus 0.5%; 20 years mortgage at 0%; 30 years at 0.5%

romeocanada wrote: ↑ In Denmark’s US$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 per cent. Danes can also now get 30-year mortgages at 0.5 per cent, and Nordea recently adjusted its prospectus to allow for home loans up to 30 years at negative interest rates.

https://www.bnnbloomberg.ca/20-year-mor ... -1.1298311

romeocanada wrote: ↑ To add - these are fixed rate products.

CondoMan98 wrote: ↑ Wait until negative rates come to Canada. Bears will lose their minds.

CondoMan98 wrote: ↑ Wait until negative rates come to Canada. Bears will lose their minds.

wolfs004 wrote: ↑ Well Denmark housing prices are only up 10% over the last 12 years. Looks healthy to me.
https://tradingeconomics.com/denmark/housing-index

wolfs004 wrote: ↑ Well Denmark housing prices are only up 10% over the last 12 years. Looks healthy to me.
https://tradingeconomics.com/denmark/housing-index

BlueSolstice wrote: ↑ To be fair, RE in continental EU is generally not very hot, save for a few booming cities like Amsterdam (basically competitors to London). Since the official language is not English, there just aren't many highly skilled and ambitious immigrants from the developing world flooding to the major cities. Even though I'm a bull, I still want to acknowledge that interest rates in the English speaking world is unlikely to go as low as in Europe or Japan, as the relatively high level of skilled immigration and nominal total GDP growth means central banks don't have to cut rates to stimulate economy as much.

wolfs004 wrote: ↑ As the rest of the world is going to negative interest rates the U.S. dollar is continuing to strenghten, further fueling the U.S. economy. What ensues is the inevitable, the Fed will be forced to raise rates causing a recession, and will then in turn bring back rates back to zero as it did in 2009.

CondoMan98 wrote: ↑ Wait until negative rates come to Canada. Bears will lose their minds.

Isostar wrote: ↑ So funny, are you expecting banks to pay you to borrow from them?
People here have no idea what are talking about, but hey, looks good on RE front. And will get you few more upvotes!

WinterSleep wrote: ↑ Well.. Yes effectively.

Isostar wrote: ↑ I guess you have not read the article. But in case you did, than it is really bad....