2 ms·
30 year fixed-rate is very much the norm here in Denmark. There was a period of experimentation leading up to 2007, but I think fixed rate is very popular. I'm
by rvense 4y ago
30 year fixed-rate is very much the norm here in Denmark. There was a period of experimentation leading up to 2007, but I think fixed rate is very popular. I'm certainly happy that's what we went for when we bought our first house two years ago.
- lupire 4y agoIt's hard to call it a "norm" when it's so new that no one has yet seen one completed.
- rvense 4y agoIt's been like this for at least 50 years, maybe more - the underlying system of credit associations goes back to the lat 1700's. The mortgage market was very tightly regulated to really only permit the 30-year fixed-rate mortgages until 2002.