[IggleSniggle]

Another important distinction to make for those that might not be aware: in the US, mortgages mostly are a set-rate when the loan is issued, usually either at 15-years or 30-years. In most of the rest of the world, I'm told, mortgages are typically variable rate

[koolba]

> In most of the rest of the world, I'm told, mortgages are typically variable rate

They also tend to be shorter than the standardized USA 30-year fixed.

[b112]

Yes in Canada for example most people have 5 year renewals, which means a renegotiation, at that time, at existing rates.