And this is a high market, not a good time to put money in.Higher than the past, yes. But so what? What matters is where it is now compared to where it will be in 20-30 years. Because that's the duration of the mortgage we are comparing to.And so the question is: Has there ever been a time when someone looked back and said, "Man, I sure wish that I hadn't invested in the stock market 20 years ago."? Hint: No.The WORST 20 year period since the S&P500 began (Jan 1950) had an overall annual return of 6.3%. That was July 1959 to July 1979. The median 20-year return was 11.0%.The worst 25 year return was 7.2%. The worst 30 year was 9.0%. The respective medians were 10.3% and 10.8%. The averages were 10.8%, 10.9%, and 11.1%.Seeing as the worst historical case was 6.3% in the market and current mortage rates are ~4%, the case for paying off the mortgage ASAP is weak.
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