>Whole-term-fixed rates are pretty uncommon in Europe. Here in Belgium I think most people got those. >why would you fix for 30yr when you know you're paying

>Whole-term-fixed rates are pretty uncommon in Europe. Here in Belgium I think most people got those. >why would you fix for 30yr when you know you're paying multiple points to offset market uncertainty? Because my rate was 0,98% fixed for 20 years here in Belgium. I'd have done the same if I needed 30 (which is rare here as 20 or 25 is more common) The chances of coming out ahead long term starting out with a higher variable rate are rather slim