Negative interest levels: Why some banking institutions are having to pay individuals to have home financing

Two Danish banking institutions introduced mortgage discounts at the beginning of August which were therefore favorable to clients, they made headlines that are international.

On Aug. 7, Nordea Bank Abp announced so it is offering 20-year rate that is fixed at 0%. Previously that week, Jyske Bank A/S, among the biggest banking institutions in the united kingdom, unveiled that it could additionally be offering mortgages at a considerably paid down price: for the 10-year home loan, customers would taking a look at -0.5% interest. 続きを読む