Not wanted: variable-rate mortgages

Oct 18, 2013

As part of an effort to encourage homeowners not to take mortgages with variable interest rates, Jyske Bank says it plans to introduce a form of home loan that will provide a fixed 30-year interest rate that is lower than what is currently offered by traditional mortgage lenders.

Despite warnings from financial advisors, variable, 1-year mortgages remain popular among homeowners, due mostly to their historically low interest rates, currently around 0.4 percent per year.

To nudge people into taking longer-term mortgages, mortgage lenders have raised the fees they charge individuals holding 1-year mortgages.

With the price increase, Jyske Bank says it can now offer a competitive product, even though its interest rate is higher.

Economists welcomed the new product, but were concerned that its price structure was less transparent than traditional mortgages.

Berlingske Business

Interested in receiving the Morning Briefing delivered to your inbox by 8am each weekday? Sign up for the Morning Briefing or any of our other newsletters today.

TOP STORIES

New US Arctic security strategy co-opts Denmark as Russia deterrent

The US Department of Defense on Monday released its 2024 Arctic Strategy – a roadmap for ensuring its interests in Arctic regional security and sovereignty. As it looks to its Arctic and NATO allies for support, Denmark can expect to play a greater role in deterring Russian attacks and land-grabs in the near future.
Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

The Canadian-American activist is wanted under a Red Notice issued by Japan. He will be produced before the Sermersooq Circuit Court today, with a request to detain him until a decision is made about his extradition.
Migratory birds bring dangerous ticks to Denmark

The first person in Denmark has been registered as bitten by a hunting tick – a carrier of Crimean-Congo haemorrhagic fever, which has a mortality rate of up to 50 percent. Warmer temperatures caused by climate change mean that the ticks, which previously died during the flight journeys of the migratory birds that carry them, increasingly survive and reach maturity in Denmark.
Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

Major mass IT outages are hitting industries all over the world, with airlines, broadcasters, banks and supermarkets affected.
CrowdStrike director: IT outage issue “has been identifed”

The American cybersecurity company Crowdstrike, whose IT issues have caused chaos in industries all over the world this morning, says it has identified a “defect found in a single content update for Windows”, and is working on a fix.
Foreign labour contributes DKK 76 billion to Danish economy in three months

A new analysis from Dansk Erhverv has found that foreign labour contributed DKK 76 billion to GDP in the first three months of 2024, equivalent to 2.7 percent of Denmark’s total GDP.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Career

How internationals can benefit from joining trade unions

Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.
Internationals in Denmark rarely join a trade union

Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.
Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Jobs

Subscribe to our newsletter

Contact

The Copenhagen Post /
The Post ApS

Ryesgade 106, 2. th

2100 København Ø

CVR: 43916181

Email: support@cphpost.dk

Phone: +45 7174 3199

We are responsible for the content and are registered with The Danish Press Council.

The Copenhagen Post

<?php

add_filter( 'register_post_type_job_listing', function( $array ) {
$array['rewrite']['pages'] = true;

return $array;
} );

Not wanted: variable-rate mortgages

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

26 May: ‘Visit Carlsberg’ tour at Home of Carlsberg

28 April: ‘Meet the Danes’ guided tour at the National Museum

20 April: Run around Kastellet

19 April: A guided tour of Christiansborg

6 April: Run around Frederiksberg Have

How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

Want to advertise your job with CPH Post?

Junior Support Engineer for Zenfit – Student (German)

Global Supply Chain Advisor

Senior Backend Software Engineer in Housing Journeys

Learning & Deployment Manager – Operational Excellence