Agree 100%! But in practice, it doesn’t work like that. In a world where the safe, conservative option, taken by responsible borrowers, is the fixed-rate, then

Agree 100%! But in practice, it doesn’t work like that. In a world where the safe, conservative option, taken by responsible borrowers, is the fixed-rate, then the variable rate takers are dominated by the people who are trying to stretch their finances to the breaking point, and that’s why you should worry when you see variable rate mortgages becoming more common.