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Economy: Are We Headed for Negative Rates
We’ve been hearing a lot about negative interest rates recently, and whether the U.S. is headed there. They’ve been used by other countries recently to fight deflation. A Denmark bank has also become the world’s first to offer a home loan with negative rates. That means that borrowers pay back less every month than what they actually owe. It sounds like quite a bargain for anyone in the real estate business, but negative rates for any reason are probably not something we want to wish for. www.NewsForInvestors.com