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Median interest rates for home loans in the Austin area stood at 6.5 percent in 2023, the report found. Photo by Johnson Johnson on Unsplash

CultureMap Austin writes, "Whether a homeowner's mortgage lasts for 15 or 30 years, paying off such a large debt can be an arduous process. But luckily for homeowners living in the Austin area, paying off a mortgage is much easier than it is in many other large metropolitan areas in the country, according to a new report by SmartAsset.

Austin-Round Rock-Georgetown ranked No. 10 in SmartAsset's new study analyzing the top 40 large U.S. metros where it's easiest to pay off a mortgage. Rankings were determined based on the principal and interest payments for conventional 30-year fixed rate mortgages issued in 2023, relative to the median income of new homeowners.

Leading the nation as the No. 1 easiest place to pay off a mortgage is Pittsburgh,…

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