Handbrake Cable Routing

On my 1965 Dart 273, the handbrake cable is below (closer to the ground) the exhaust pipe, but is rubbing on it. Is that the correct routing, or should the exhaust pipe be closer to the ground?

From right to left in the pic is the floorboard, driveshaft, exhaust pipe (silver), and the handbrake cable (looks black).
Handbrake cable.jpg