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A comment on How this Ends. Parent comment

Re:How this Ends by astura on Thursday February 18, 2021 @08:37AM (#26179628)
It's standard in the USA because of government policy. (Mainly Fannie Mae and Freddy Mac). 30 year fixed rate wouldn't exist in the free market.

https://www.marketplace.org/2018/10/31/why-do-we-have-30-yea...

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Re:How this Ends by throw0101a on Thursday February 18, 2021 @09:09AM (#26179954)
You can get 10-year fixed rates in Canada:

* https://www.ratespy.com/best-mortgage-rates/10-year/fixed

* https://www.ratehub.ca/best-mortgage-rates/10-year/fixed

For down payments <20% mortgage insurance is needed (usually from the federal government subsidiary, like Fannie/Freddie), but not for larger down payments: that's all free market.

Some institutions offer 18- and 25-year terms.

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Re:How this Ends by harperlee on Thursday February 18, 2021 @04:32PM (#26185928)
A fixed rate is just a derivative product (an Interest Rate Swap) attached to the mortgage, and people are happy to buy and sell them, why would you say it would not exist in a free market?

Case in point: there is no such government policy in Spain, yet most banks happily offer fixed rates.

You just need to hedge the fixed mortgage you are selling and add some interest to make profit.

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Re:How this Ends by rmujica on Thursday February 18, 2021 @09:21PM (#26188762)
30 year fixed rate is quite common in Chile, and the mortgage and housing industry is fully deregulated here
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