[Red in Blue PA]

Assuming that interest rates will go way up, if you have a low rate fixed 30 year mortgage, that would be a good thing, not something you want to escape from.

This will prove disastrous in every other way, offsetting any benefit one may derive from being "locked in". Don't fool yourself.

[ding_dong_daddy_from_dumas]

This will prove disastrous in every other way, offsetting any benefit one may derive from being "locked in".

So if everything else is worse, you would rather be paying a higher interest rate on your mortgage? I agree that high interest rates are painful. I just don't agree with the article's advice about being locked in long term: "If you're locked into anything not short-term, it is time to start thinking about your exit strategy before rates climb." Maybe what the author was thinking was better than the way he expressed it.

[dalereed]

“This will prove disastrous in every other way, offsetting any benefit one may derive from being “locked in”. Don’t fool yourself.”

Durring the Carter years of high interest I had my best years financially both personally and in my construction business!