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Some banks – which struggle to make money when interest rates are low, much less negative – are finding creative. the danish lender began offering an interest rate of -0.5 percent on 10-year.
To guarantee a rate, you must submit an application to U.S. Bank and receive confirmation from a mortgage loan officer that your rate is locked. Application can be made by calling 877-303-1639, by applying online, or by meeting with a mortgage loan officer.
Denmark’s third-largest bank, Jyske Bank, launched the first negative interest rate mortgage in the world. the country has a very low rate currently, at .05%, and the rate in the Euro Area as a.
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