Higher Interest Rates: What Should You Do with Your Mortgage?- Episode 136
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!
You should always seek counsel of the appropriate advisor prior to making any investment decision.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.