Wednesday, September 18, 2013

Think renting is cheaper than buying? Think again....

Jed Kolko, Trulia Chief Economist The recent rise in mortgage rates has made buying a house a little more expensive: the increase in the 30-year fixed rate over the past month from 3.4% to 3.9% (Freddie Mac) raised the monthly payment on a $200,000 mortgage by $56, or 6%. However, because [...]

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