In many countries, it is not feasible for banks to borrow at fixed rates for very long terms; in these cases, the only feasible type of mortgage for banks to offer may be adjustable rate mortgages (barring some form of government intervention).
It is not feasible for banks to borrow at fixed rates for very long terms. This was in many countries. The only feasible type of mortgage for banks to offer may be adjustable rate mortgages (barring some form of government intervention). This is in these cases.