Fed announces three quarters percentage-point rate hike to control inflation

[bhikkhu]

9. Ironically, you might have done better to wait

...as after an inflationary stretch, if you had held debt at a reasonable interest rate you could then pay it off with depreciated money instead of full-price money. For instance, my mom bought a house in 1974 for $25k, then ten years of inflation pushed the value to $125k. By which time her income (indexed to inflation) was also so much higher that the mortgage payment was almost trivial. It went from being about half of her paycheck to about 1/5th of her paycheck.

Though with that said, I don't have any debt either. It's not worth the trouble and predicting things like that has never worked out well for me.