With U.S. mortgage rates near historic lows, American buyers can be forgiven for thinking this is as good as it gets. But the mortgage rates in other parts of the world, including many European nations, make U.S. rates look downright usurious.
The European Central Bank reported average rates in September for eurozone home-purchase loans with fixed terms of over 10 years at 1.44%. In the U.S., the average rate in September for 15-year mortgages was 3.12%; 30-year loans averaged 3.61%, according to Freddie Mac data.
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