NWA rate of mortgage-free homes is lower than national average
36.1% of Northwest Arkansas homes were owned outright in 2022, up from 34% in 2017, according to the latest census data.
- That's compared to nearly 40% nationally — the highest share since 2005.
Why it matters: This means some people aren't worrying about high mortgage rates.
Between the lines: Paying off a loan early can have psychological perks, but some personal finance experts say it could be smarter to invest that money in stocks instead.
- "If people derive some intrinsic happiness out of paying off their mortgage because it reduces their stress, then that has value," Michael Roberts, a Wharton School finance professor, told Bloomberg.
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