And to take it one step further, holding long term debt at fixed rates is amazing in that situation, such as a long term mortgage.
(This is a typo that reverses the meaning, right? Should be “owing” long term debt, you want to owe a mortgage rather than to have issued a mortgage.)
(This is a typo that reverses the meaning, right? Should be “owing” long term debt, you want to owe a mortgage rather than to have issued a mortgage.)