> In most of the rest of the world, I'm told, mortgages are typically variable r... | Hacker News

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koolba on March 22, 2024 | parent | context | favorite | on: Why the 2% inflation target? (2023)

> 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.

bbarnett on March 23, 2024 [–]

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

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