I have 30K left on my current mortgage and wanted to pay this off (3 years) before buying a new home for my family. With the anticipated rise in interest rates should I sell my house now and try to get a new house with lower interest rates while I can? Currently have about 30K in equity into it. If I wait 3 years I will have it paid off and be able to sell it for 60,000-70,000, thus putting more money down on a house.
Read more: Should I buy a new house considering the state of the economy?
