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.
No comments:
Post a Comment