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From another comment below: In the US, fixed rates are for a 30 year term. Countries like Canada and Australia have 10 year terms as a max, with most people e
by umeshunni 9y ago
From another comment below:
In the US, fixed rates are for a 30 year term.
Countries like Canada and Australia have 10 year terms as a max, with most people electing for something shorter as the rate goes down.
- someone454 9y agoOr 15 year terms
- montecarl 9y agoYou can get fixed rates on shorter mortgages in the US. I have been quoted fixed rates on 15 and 20 year mortgages in the past month.