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Surely that would put banks off actually lending
the rates would just be closer aligned to 30yr borrowing / gilts rates which will move more slowly than the 2, 5, 10yr
e.g.
https://www.bloomberg.com/markets/rates-bonds/government-bonds/ukwe'd look at them over the last 15 years and think they were crap rates
and then over the last 6 months we'd think they were great
duncs
"UK is shitter than other places" shocker :D
Which countries fix mortgages for the whole term? Surely that would put banks off actually lending? Then again, maybe it would make only people who could afford mortgages get them (I'm looking at you, sub-prime USA)