Mortgage holders with low interest rates might seem smart to hold onto them, but many are moving in the opposite direction. Financial planner Christopher Price offers insight, stating, “Financially speaking, if I have a 2.5 percent mortgage, I would rather pay them as slowly and as long as I can.”

Despite this advice, a notable trend shows nearly one in four homeowners is paying off their mortgage faster than the agreed pace. However, this approach might not be universally advantageous.

Rocket Mortgage, a leading lender, reveals surprising findings from analyzing advance payments on close to 3 million loans across all 50 states over the past five years. These data shed light on homeowners’ decisions to expedite mortgage payments.