Both give customers the option of paying no interest for the first three or six months. For those with mortgages you might be left wondering how this cut to the target interest rate will impact you and this post is designed to explain the impact of a 0 to your mortgage. Mortgage Interest Rates Forecast Will Rates Go Down In May What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages. Zero percent interest mortgage . Jan 6 2021 300am The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero. A zero down payment mortgage is exactly what it sounds like. What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages. A mortgage that requires no money down at closing. Buying a home and putting no money down to do it sounds appealing to many but in reality its hard to get a zero down payment mortgage in this climat