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RE: Negative Interest Rates: How One Couple Gets Paid Interest on Their Mortgage
Thank you brandonp I just found another link which shows the full article..:)
Thank you brandonp I just found another link which shows the full article..:)
Thanks @stillsafe, that makes it much easier. As a mortgage broker myself, this is very interesting. I can't imagine a way this would happen in the US where interest rates, while low, are still in the 3-4% range on average. It's also important to note that these are coming on adjustable rate mortgages, so when the benchmark rate that the interest rate is based off goes up, these people will be paying higher rates than those who locked in a fixed low rate. It probably evens out in the long run so I wouldn't expect this to last too long. It's unsustainable so either interest rates go up, or the whole thing blows up.
Haven't I read something like this about the national debt? Isn't there some times where the debt is reduced through negative interest rates? I'm almost sure I read that sometime in the last few months German bondes were yielding negative nterest rates.