With negative interest rates in Germany, Switzerland, Ireland, Belgium, and Denmark, it was about time that we saw negative mortgage rates in Europe too.
Americans know how much money they make, but scratch their heads about their single-largest monthly expense.
Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central Bank governor Marek Belka at 1300 GMT, a day …