Back in 2016, when the first negative interest rate bonds first emerged, we offered readersa glimpse of the NIRP future:
After an intense pow-wow between the administration, Congressional leaders and the Federal Reserve, the Negative Mortgage Rate Program (NMRP) is born. The program is simple. Homeowners will be paid to borrow. The Federal Reserve declares that the NMRP is a brilliant extension of NIRP (negative interest rate policy), because it will benefit everyone, not just the 1%ers.
Here’s how it works: No downpayment needed. 100% financing.