This is my personal story.
I got a home mortgage at a very low percent fixed rate.
My currency ( argentinian pesos) went from 4 per dollar to 130$.
It means my mortgage got really destroyed. it was a 20 years mortgage.
NOw in the year 10, I could easily cancel it with 1000 U$s lol.
I won`t do it. Let it burn baby
YOU AMERICANS: we are entering a expansive era again. Maybe a commodity boom and reinflation. the fed is saying that they will try to inflate it becase actually there is DEFLATION massively with this crash.
They will not allow that. So they will pump the bubble one more time.
GET YOUR FIX LONG TERM RATE NOW AND ENJOY THE RIDE!