Centuries-Old Mortgage Market Ponders Age of Negative Rates
The nation’s finance industry must brace for longer periods of rates even further below zero, Soeren Holm, chief financial officer at Copenhagen-based Nykredit Realkredit A/S, said. Denmark’s mortgage banks are grappling with a situation for which two centuries of operation offer no guidance: a central bank deposit rate of minus 0.75 percent that has sent loan rates plunging. It’s also a …