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Negative interest rate mortgages have arrived. In Denmark
Saturday, January 31, 2015 7:50
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Negative interest rates aren't a new phenomenon in Europe, but they've been limited to inter-bank borrowing. Until now (Google Translated).
For the first time a Danish mortgage bank, Nordea Kredit, issued a mortgage with a negative interest rate, Jyllands-Posten's corporate site Finans.dk Friday .This means that Nordea Kredit this week have had to pay interest back instead of charging them to a handful of customers, says housing economist at Nordea Kredit, Lise Nytoft Bergmann for Finance.
How is it possible that someone could go to a bank, take out a mortgage, and expect the bank to give them money every month? Doesn't this sound like a scam?
It's not a scam. It's deflation …. http://www.dailykos.com
Source: http://luismmx.blogspot.com/2015/01/negative-interest-rate-mortgages-have.html
