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Most US mortgages have a fixed rate for 20 - 30 years with no balance further due at the end.

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

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

Almost no US mortgage products are assumable.

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...

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

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.

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.

I meant the inflation adjusted value of your debt.