If the rate rises are expected, then the cost of hedging them will be approximately the same as the cost of not hedging them. Hedging isn't a magic process to

If the rate rises are expected, then the cost of hedging them will be approximately the same as the cost of not hedging them. Hedging isn't a magic process to evaporate risk. It's just buying insurance. And no one will insure you when your house is already on fire...