With mortgage interest rates at a level not seen for over a decade (see chart below), the question of whether to wait for interest rates to fall is creeping in. This is not unreasonable, however, it does beg the question. Are rates actually high? If you take a look at the chart below, you can …
Even in light of rising home prices, Trulia‘s October 2016 “Rent vs. Buy Report” successfully argues that owning your home with a conventional 30-year fixed rate mortgage costs less than renting in major US metros, even in high priced areas like Honolulu, HI (which sees 17.4% cost reduction over renting). The highest difference was 53.2% in Miami, FL …
The post Buying Still Cheaper Than Renting appeared first on Benchmark.
Are you living the American Dream? Most of us have a pretty good idea about what the American Dream is. In case you don’t, we looked it up: If we carry this definition further, we find that many Americans see homeownership as an important part of that dream. Let’s look at some recent statistics. Existing home sales in May […]
The post Seeking the American Dream of Home Ownership appeared first on Benchmark Mortgage Blog.
