✉news BusinessPersonal Finance first seen 15 h ago, last 8 h ago, peak #2
Clark Howard Advises Against Paying Off Sub-5% Mortgages Early
Original: Clark Howard Says Don’t Rush to Pay Off a Mortgage Below 5%. Do This First
Personal finance expert Clark Howard says homeowners with mortgage rates below 5% should not rush to pay off their loans early. He suggests putting money toward other financial priorities first, since cheaper debt can be worth keeping while savings and investments may earn more. The advice has caught attention as many households weigh extra cash against historically low fixed rates.
Why now: Homeowners are rethinking whether to pay off cheap mortgages as they manage savings, investments and higher-rate debt.
Evidence
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