07/27/2026
I’ll admit something: I’ve been a realtor for years and just assumed 30-year mortgages were how home loans worked everywhere. Turns out that’s not even close to true.
The 30-year fixed-rate mortgage is actually pretty rare outside the U.S. Most countries don’t offer anything like it.
Here’s how we ended up with it: it traces back to the Great Depression, when short-term loans with giant balloon payments were wiping out families and freezing the housing market. The government stepped in to fix that, but the 30-year term most of us take for granted didn’t actually become standard until the late 1940s and 1950s.
Kind of wild that something so normal to us is actually a bit of an outlier globally.
Let me know if you want a full breakdown and WHAT IT MEANS TODAY in the comments below 👇