Prices are increasing. However, because mortgage rates are still
near long-term lows, and because prices fell so much after the housing bubble
burst and compared to rents even after recent price increases, buying is still
much cheaper than renting. Rates are likely to keep rising, but many
people are wondering including myself to see when buying would be more
expensive than renting…
As long as the mortgage rates are below 10.5% buying is still
cheaper than renting. Yes you read it right; Mortgage rates would have to rise a
huge amount to 10.5% in order for the renters to be saving money and not buy.
Just because we are sitting on rates like 4% and up does not mean the rates cannot
increase up to 10%. In 1980s the rates were this high, but have been
consistently below 10.5% since May 1990.
So if you are waiting to buy or sell this is the time to do so.
Pick up that phone and call Jemi Khan @ JP and Associates realtors to get your
Author:Jemi Khan Phone: 214-449-2530 Dated: June 20th 2013 Views: 2,474 About Jemi:
Dallas, Texas has always been Jemi’s home; she was born in Bangladesh but raised in the United...
"God definitely hand-picked you guys to list our house and help us all along the way until we got into our new house. We have been blessed with the whole process from start to finish. We just say thank you so much for taking such great care of us!"