I think there's some confusion about the meaning of fixed. In Germany, rates are fixed for a period of time for a lot of mortgages. That would be considered an

I think there's some confusion about the meaning of fixed. In Germany, rates are fixed for a period of time for a lot of mortgages. That would be considered an adjustable rate mortgage in the US. Fixed rate in the US means it's fixed at loan origination for the entire life of the loan. https://www.fitchratings.com/research/structured-finance/covered-bonds/long-fixed-rate-periods-mitigate-german-mortgage-rate-rise-14-06-2021 https://www.fitchratings.com/research/structured-finance/cov... Edit, just found this: https://www.iamexpat.de/housing/german-mortgages/types-mortgages-germany https://www.iamexpat.de/housing/german-mortgages/types-mortg... Annuitätendarlehen is indeed the same as a US fixed rate.