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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by Ralfp on Sunday November 27, 2022 @11:22AM (#33764033)
No. Bank oversight comission required banks to offer fixed rate mortages only after swiss franc mortage crisis (2009), and not shorter than 5 years. What happened was banks introduced fixed mortages for 5 years, after which time you move to variable mortage, or update rates for next 5 years.

Banks also made those mortages noticably pricer, so few people picked them (me included).

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