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behaviorkelton

low interest rates: Any reason to pay off home?

behaviorkelton
12 years ago

When entering this forum a few years ago, I asked a number of questions about whether I should pay off my home.

Well, I paid it off. Now it is sold and I'm buying another one.

Interest rates are more than two percentage points lower than what I had when I bought that first house. I was paying 6.75% then.... considered low... and my next mortgage is going to be 4.65% for 30 yrs.

In spite of my "debt free" philosophy, I'm not so sure I want to pay this one off at these rates. (also, I expect the inflation monster to show itself, too)

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