With negative interest rate, Denmark, Belgium and Netherlands banks are now offering negative mortgage rate to some borrowers.
I am wondering why we have not seen any near zero mortgage rate. I just checked 1 year libor, it has increased from 0.86% to 1.56% in the last year. This will make a floating ARM rate to about 4%, which is even higher than 30 year fixed rate. I feel that something is not right.