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Homeowners in Portugal are getting paid to have mortgages as negative rates spread

Aerial view of Funchal with traditional cable car above the city, in Madeira island, Portugal

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How would you like to be paid to have a mortgage? Maybe you should buy a house in Portugal.

Some mortgage holders actually have negative mortgage rates — meaning their banks pay them interest. The Wall Street Journal’s Patricia Kowsmann reported on the phenomenon, which was rare pre-pandemic. Rates were originally allowed that low a few years back to help bolster the economy.

But in Portugal, mortgages are increasingly seeing negative rates, a consequence of low interest rates in general across the developed world. One consumer-rights group, Deco, told the WSJ that it estimated more than details ⇒

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