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Pay off mortgage or invest in money market account?

  • Reddit Personal Finance
  • 07-29
  • 138
  • 0

Pay off mortgage or invest in money market account? I'm trying to figure out which would be more advantageous, but I'm not sure if the tax advantages of the mortgage are beneficial enough. Here are my specifics:
Mortgage rate: 5.625% Money Market rate: 5.09% (should rise with latest rate hike)
What other information do I need to take into consideration? Any help would be appreciated.
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  • Personal Finance
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  • account
  • invest
  • market

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