US rates tend to rise more quickly, because the standard US mortgage quoted is fixed for the life of the loan (often 30 years). Whereas a lot of European loans

US rates tend to rise more quickly, because the standard US mortgage quoted is fixed for the life of the loan (often 30 years). Whereas a lot of European loans are variable rate, where the interest is only fixed for the first 5 or so years of the loan and then floats based on central bank rates. So, obviously, US banks have to price more risk into their rates.