Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. The series is targeted at people who want quick insight into current financial data.
Mortgage debt in the big cities is younger
Major conversions, restructuring and a busy housing market have meant that more than half of the Danes' current mortgage debt has been paid off within the past two years. The age of the debt, like the interest rate level, has an effect on how large the instalment payments are on the part of the debt that is repaid. This is because mortgage loans with instalments are typically annuity loans, where installment payments make up a smaller part of the payment at the beginning of the loan's life.