My understanding was that long-term fixed rate mortgages were not common at all outside of the US and like France. This is from 2010 but has some good charts.

My understanding was that long-term fixed rate mortgages were not common at all outside of the US and like France. This is from 2010 but has some good charts. https://business.sdsu.edu/_resources/files/real-estate/research/10122_research_riha_lea_report.pdf https://business.sdsu.edu/_resources/files/real-estate/resea... Anecdotally it meshes with some things I've heard elsewhere but don't hold me to it: - Canadian mortgages are typically something like 5 years. - UK is similar, it's either variable, or fixed for something super short, like 2-3 years. - Australia same kind of boat, most are variable, I've heard the interest rates during covid temporarily reversed the trend, but same deal, they're only fixed for a few years.