How mortgages differ around the world

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In some parts of the world, the majority of people own their homes outright, but in the US, parts of western Europe and the UK, most buyers require a mortgage to get on the property ladder. These home loans are sensitive to interest rates, which have been falling in many major economies. We hear how that’s changing mortgage lengths and styles in different jurisdictions. Presenter: Rick Kelsey This clip has been taken from an episode of Business Daily