https://www.msn.com/en-us/money/new...-first-time-in-danish-rate-history/ar-AAFtb2Z
Remember how we were at 0.2% fed borrowing rates for just about the entire Obama presidency? Then Trump came in & they've raised interest rates nearly every quarter since. Well, it's obvious that the EU doesn't have any Trump-like leaders.
Note that mortgages in Europe all vary month-to-month, so no locking in a rate. Now for the first time, mortgage rates are negative. So if you owe $100,000 on your house, this month instead of paying interest, they would actually pay you $45! Talk about an economy in the toilet, yikes.
Remember how we were at 0.2% fed borrowing rates for just about the entire Obama presidency? Then Trump came in & they've raised interest rates nearly every quarter since. Well, it's obvious that the EU doesn't have any Trump-like leaders.
Note that mortgages in Europe all vary month-to-month, so no locking in a rate. Now for the first time, mortgage rates are negative. So if you owe $100,000 on your house, this month instead of paying interest, they would actually pay you $45! Talk about an economy in the toilet, yikes.