One in four mortgage loans comes with negative rates
At the end of 2020, 26 per cent of Danes' mortgage loans secured on real estate had negative interest rates, equivalent to about 400,000 loans. Even if interest rates are negative, borrowers continue to pay administration fees to the mortgage credit institution. The average fee is 0.81 per cent p.a., corresponding to kr. 8,076 per borrowed million. So, if the fee is included, only few loans have negative interest rates.