[ElKrist]

"Since most European mortgages are not fixed rate, it will be interesting to see what happens as interest rates start rising in Europe."

It's the second time I see this on HN. However, the reality seems more contrasted. From [1]:

"A striking feature of the credit market in the euro area is the very large heterogeneity across countries in the granting of fixed versus adjustable rate mortgages. Fixed rate mortgages (FRMs) are dominant in Belgium, France, Germany and the Netherlands, while adjustable rate mortgages (ARMs) are prevailing in Austria, Greece, Italy, Portugal and Spain."

For numbers there are some graphics around p.19

[1] https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2322~0ed0879d...