> Especially if you’re positioned to buy when you can lock in low mortgage rates. Above 6% you might be better off putting your down payment into the stock mark

> Especially if you’re positioned to buy when you can lock in low mortgage rates. Above 6% you might be better off putting your down payment into the stock market and renting. "Locking in" a rate for multiple decades is mostly (only?) an American thing: * https://www.tandfonline.com/doi/full/10.1080/15214842.2020.1757357 https://www.tandfonline.com/doi/full/10.1080/15214842.2020.1... * https://www.investopedia.com/why-your-30-year-mortgage-exists-11776252 https://www.investopedia.com/why-your-30-year-mortgage-exist... * https://www.cnbc.com/2024/05/07/why-the-30-year-fixed-rate-mortgage-is-a-uniquely-american-construct.html https://www.cnbc.com/2024/05/07/why-the-30-year-fixed-rate-m... * https://www.deeded.ca/blog/why-canada-doesnt-have-30-year-fixed-rates-like-the-us https://www.deeded.ca/blog/why-canada-doesnt-have-30-year-fi... While a ≥20 year amortization period is common, the mortgage term is generally shorter (2-5, 10 years) is most other places.