[justonepost]

It will also increase the value of your house. Fix rate debt is definetly your friend.

[beiller]

I disagree. If inflation is very high, the fed (aka BOC for me) will increase the interest rate, and by correlation, a higher mortgage rate ensues. Less people qualifying for mortgages attacks the demand side of the market, lowering the prices of homes.

[jgalt212]

Fixed rate debt may increase the value of your house if interest rates go up and your mortgage is assumable.

[toomuchtodo]

Almost no US mortgage products are assumable.

[gibybo]

All US government home loan programs are assumable (FHA, VA, and USDA).

This Quora answer indicates that FHA loans alone alone make up a majority of new home loans in the US: https://www.quora.com/What-percentage-of-US-home-loans-are-f...

[toomuchtodo]

I should've said conventional loan products. Thank you for pointing out my mistake.

[djrogers]

While they make up the moajority of new home loans, they only make up ~15% ot total mortgage originations, leaving 85% of homes being mortgaged with conventional mortgages.