How to make the buy vs. rent housing decision as mortgage rates surge
How to make the buy vs. rent housing decision as mortgage rates surge
Abstract
The average 30-year fixed-mortgage rate was 6.10% as of Sept. 13, according to Bankrate.com, up to 6.43% on Tuesday. The median price of an existing home sold in August was $389,500, still up 7.7% from a year ago. The national median home was $7.5 million. If there is a gap or overlap between moving, buyers may have to pay double the mortgage. For a house in their new home, you can buy a house for $1,200,000. For more information, click here to see how to buy a home in a new home for $100,000, or $2,000 to $1.1,000-a-year-old.
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