Correct. 5 year fixed term mortgages are common to UK/Canada/NZ/Australia. Not t... | Hacker News

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		digianarchist on Nov 15, 2021 \| parent \| context \| favorite \| on: Will real estate ever be normal again? Correct. 5 year fixed term mortgages are common to UK/Canada/NZ/Australia. Not that interest is as significant in the United States considering it can be deducted from your taxes.

wastedhours on Nov 15, 2021 [–]

You also tend to pay for the privilege of a 5 year fix (as a first time buyer) - about a 0.4% increase for a 5 year vs a 2 year for us.

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