Economics

World’s Cheapest Mortgage May Be Around the Corner in Denmark

Danish banks may soon offer 30-year mortgages at 1 percent
Only Japan’s government issues bonds with a lower coupon

Pedestrians sit on the side of the harbor canal opposite residential buildings in the Christians Havn district of Copenhagen, Denmark.
Photographer: Freya Ingrid Morales/Bloomberg

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By Frances Schwartzkopff

March 21, 2019 at 4:00 PM UTC

Updated on

March 22, 2019 at 10:18 AM UTC

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Soon, the government of Japan might be the only issuer paying less to borrow than Danish homeowners.

Danes are about to learn whether they can get a 30-year mortgage at a fixed rate of 1 percent. That’s less than the governments of Switzerland and Germany pay their long-term investors.