Why is a sub-4% mortgage an asset right now?

A mortgage rate well below what is available on a new loan today functions like a financial asset, since keeping it in place through an assumption or by renting the property out instead of selling can preserve real monthly savings. That gap between an old low rate and a new market rate has only grown as rates climbed, which is why so many owners are reluctant to give one up. Whether it truly makes sense to hold onto that rate still depends on the owner's broader plans and finances. Brian Beatty can walk an owner through whether keeping, renting or selling makes more sense for their specific situation.