A bit offtopic, but is it normal to have interest rates locked for the whole duration of the loan? Around here the interest rates usually follow 1, 6, or 12 mon

A bit offtopic, but is it normal to have interest rates locked for the whole duration of the loan? Around here the interest rates usually follow 1, 6, or 12 month Euribor[0] with a small bank margin on top. So yes, technically some people now could have loans with negative interest rates, but there is usually an extra clause for a minimum or 0% or 1% or somesuch. [0] https://en.wikipedia.org/wiki/Euribor https://en.wikipedia.org/wiki/Euribor