Are we looking at a Mortgage Rates Price War?


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NEW FIGURES SHOW 15% OF MORTGAGE HOLDERS SWITCH PROVIDERS


#142

Good summary of European and G20 mortgage rates from the Irish Times

With Danish banks heralding the advent of negative mortgage rates, which means that homeowners could be actually paid to borrow money to buy a home, Irish homeowners may understandably be expecting a similar boon here. However, is such optimism misplaced?

Earlier this month, Jyske Bank A/S, Denmark’s third-largest lender announced ia mortgage rate of -0.5 per cent, before fees, while fellow Danish bank Nordea Bank Abp, is offering 30-year mortgages at annual interest of 0.5 per cent, and 20-year loans at zero.

So is this the start of something that could eventually benefit Irish homeowners, as the European Central Bank’s quantitative-easing programme continues to make its presence felt on European markets?

Well, perhaps not.


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