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Higher Interest Rates: What Should You Do with Your Mortgage?
Manage episode 363480905 series 3428540
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Interest rates have risen sharply over the past 16 months, which is good for lenders, but not so much for borrowers. New mortgages now come with interest rates around 6 percent, pricing some people out of the market.
But for those who hold "older" mortgages with much lower interest rates, some opportunities may present themselves. If you've been working toward paying that mortgage down in order to own your home free and clear as soon as possible, you may want to consider other options that weren't necessarily available before.
What might you want to do in today's higher interest rate environment? Find out more from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future!
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