Zuckerberg’s Mortgage Has a 1 Percent Rate Bloomberg News reports: “The Facebook founder refinanced a [US]$5.95 million mortgage on his Palo Alto, California, home with a 30-year adjustable-rate loan starting at 1.05 percent, according to public records for the property.”
Well,by the rate that things are moving,it is possible that soon banks have to offer free(0% interest) mortgage loans so that their big clients who are developers can stay in the biz.