If you can afford it then you are likely to continue vs in Europe when rates go up people default. So it should improve default rates. In the US you can refinan

If you can afford it then you are likely to continue vs in Europe when rates go up people default. So it should improve default rates. In the US you can refinance when rates go down for free while European fixed rated have early repayment penalties usually. So its a free option. So it has a number of advantages even if rates can be high if long term rates are high.