Michigan woman resisting giving up 2.8% mortgage rate to move in with husband — Ramsey Show hosts say it’s a no-brainer

Core Insights - The article discusses the potential pitfalls of being overly attached to low mortgage rates, particularly in the context of a homeowner's decision-making process when considering selling their property [1][4]. Group 1: Mortgage Rate Context - Homeowners with mortgages from 2020 or 2021 may feel they have an unbeatable deal due to low rates, such as a 2.875% fixed mortgage rate [1][5]. - The current average 30-year fixed mortgage rate is approximately 6.3% as of September 2025, highlighting the disparity between past and present rates [5]. Group 2: Decision-Making Advice - Financial advisors recommend selling properties with low mortgage rates if circumstances change, such as moving to a new location, rather than holding onto them out of attachment [2][4]. - The potential challenges of being an absentee landlord, including property management issues and maintenance costs, are emphasized as significant considerations [2][3]. Group 3: Financial Implications - Selling the property could allow the homeowner to clear $100,000 after paying off the mortgage, which can be used as a down payment on a new home, enabling both partners to build equity together [4]. - The article suggests that the higher interest rate on a new mortgage should not deter homeowners from making life changes that could be financially beneficial in the long run [4].