I don't think 30 year fixed terms exist outside the US. In australia most mortga... | Hacker News

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		Eridrus on Feb 17, 2016 \| parent \| context \| favorite \| on: Under-35s in the UK face becoming permanent renter... I don't think 30 year fixed terms exist outside the US. In australia most mortgages are variable rate and I don't think I've seen anyone advertise longer than 5 years fixed.

someguydave on Feb 17, 2016 [–]

Yes the 30 year mortgage is a creature of extensive US Government involvement in finance. 30 year mortgages wouldn't' exist if they had to rely on private money for funding.

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