I currently have a $260,000 mortgage at 6.75%. I was thinking about refinancing at 4.875%. But then again, I have sold some mutual funds lately and thought maybe I could use that money to just pay off the mortgage. By the way, I FIRE'd 4 years ago at 50. What would you do?
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And then for the absolute latest on interest rates, I'd do a search for threads using the keyword "mortgage" within the last month or two.
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For me (with a 4.5% fixed and anticipating ER) the question is whether to:
RefinanceSellor pay off the mortgage
We were planning to sell & downsize with our home equity this year - but in the current real estate market, or should I say lack of a market (and the resultant loss of equity) ..... - I'm not so sure? We had approx 3/4 equity in our home - looks like might be 2/3 now.
(We had planned to relocate 180 miles away upon ER also.)
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