[ozim]

Are there any banks where you live that give fixed rate mortgages?

Where I live getting fixed rate loan is in banks propositions but they will never give fixed rate to people.

They will claim that with your income you don’t qualify and you qualify for adjustable rate loan - which is only good for banks when inflation shoots up and previous years we had almost no inflation until it hit 20% out of nowhere. So all of it was calculated by banks and normal people who had it good for last 10-15 years now had to pay up.

[lotsofpulp]

Pretty much all (~90%) of all home mortgage loans are fixed rate with no prepayment penalty in the US, guaranteed by the federal US government taxpayers of course.

[bbojan]

I have a fixed-rate mortgage from a Canadian bank.