BusyBodyQueen

Tuesday, April 28, 2015

Danish Households





Danish households, who carry the biggest gross debt loads of any population in the rich world, look to have turned a corner.
Danes repaid their home loans at the fastest pace in history last year, according to the Association of Danish Mortgage Banks. At the same time, record-low interest rates and higher fees on riskier loans are driving more borrowers over to fixed-rate mortgages, which now cost as little as 2 per cent for 30 years. The developments have helped banks meet demands to cut risks.




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