MORTGAGE INTEREST RATES (3)

Back in April I was gobsmacked at how low mortgage interest rates could go. Today I am even more gobsmacked.

The rate on the so-called F1 loan (a variable rate mortgage in which the rate is set once a year) has fallen to 0.11% for 2014 at Nordea Kredit and 0.15% at NyKredit/Total Kredit. That means that with charges you can borrow kr.1 million and only have to pay around kr.500 a month after tax.

This is starting to get ridiculous.

Walter Blotscher