A handpicked article read aloud from the latest issue of The Economist. For decades it made sense to slowly pay down a mortgage over time, but that is no longer the case. Rising interest rates mean the smart thing to do is pay off your mortgage early.Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

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