> In the US having a 30 year fixed rate mortgage means the price fluctuations are all on paper and unless you are in the market they mostly don't matter at all.

> In the US having a 30 year fixed rate mortgage means the price fluctuations are all on paper and unless you are in the market they mostly don't matter at all. It matters for annual property tax. Rightly or wrongly, persistently low valuations negatively affect local economies in a shorter time frame than 5 years.