Free. Gratis. I don't need money. I even have lotion for my hands!
Posted on 01/30/2015 1:13:58 PM PST by Kartographer
The interest rate has balanced around 0 in a level between minus 0.03 percent plus 0.03 percent. Most have paid a modest positive interest rate, but there are so few who have had a negative rate. It is quite an unusual situation, says Lise Nytoft Bergmann.
It is residential customers who have chosen to stick with F1-loan that now benefit from the negative interest rate. F1 loan form has otherwise been strong returns in recent years in favor of fixed interest loan.
Although interest rates are negative, it is not something that can be felt by customers as contributions and other costs continue to be paid. In turn, interest will be deducted from the contribution.
Precisely because it is an unusual situation, Nordea Kredit's IT systems are not geared to the situation when the computers are only used to collect interest.
Lise Nytoft Bergmann says that there is no cause for concern, and that the new situation can be handled, "but sometimes we have to use duct tape and paste."
(Excerpt) Read more at zerohedge.com ...
ping
Happily, Denmark has solved the speeding problem:
https://www.youtube.com/embed/CPwW1HlAPys
Just change the Constitution to let Obummer run again and he will give you one.
Can’t he do that with an executive order?
Denmark’s economy is on a par with the revenues from the Super Bowl.
Most of the people who voted for him would have no problem with that.
Attractive interest rates and speed limits. Yowsa!
Hey, people have been paid to take out mortgages over here for decades. It’s called the mortgage interest deduction.
I have GOT to move to Denmark... Thanks!
In Denmark, Comrade, House buys You! *SMIRK*
I liked Arhus.
Let me guess, savings account loses money but loans pay you to take them out.
Contributions? That refers to gifts or donations, not taxes or fees or "costs". Nice how they lumped those two words together as if they mean the same thing.
This just means they’ve entered deflation and can expect that house values will fall. The cost will be in the declining principal.
Yes, in this upside-down world, you pay the bank to hold your money, and they pay you to hold theirs.
If savings interest rates are negative, then mortgage rates should be negative too, meaning the bank pays you.
Free. Gratis. I don't need money. I even have lotion for my hands!
Good question - as soon as they also start paying the principle, I'm going for a brand new fortress...
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