[herge]

Inflation won’t do anything to your fixed-rate debt, but hopefully it will increase your wages to make the debt easier to pay.

[patmorgan23]

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

[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.

[cortesoft]

I meant the inflation adjusted value of your debt.