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Danes Get 20-Year 0% Mortgages

Residential Housing As Denmark Rejects Plan To Split Troubled Loans

Photographer: Freya Ingrid Morales/Bloomberg

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The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.

Customers at the Danish home-finance unit of Nordea Bank Abp can, as of Tuesday, get the mortgages, which will carry a lower coupon than benchmark U.S. 10-year Treasuries. At least two other banks have since said they’ll do the same.