&gt;<i>where I&#x27;m from, everyone advertises the lowest variable rate</i><p>I&#x27;m actually Canadian, and that&#x27;s how it is for here too, for the most part.  The longest fixed-term you&#x27;ll get from a mainstream bank is 10 years.<p>But in the US, I think, you can get 30 year fixed mortgages.  Which is...crazy.  And also why buying at these low rates is a steal.