Friday, May 16, 2014

Buying is Cheaper than Renting, As Rates Decline

Buying is Cheaper than Renting, As Rates Decline
Mortgage Rates Decline for Third Straight Week: Mortgage rates pulled back slightly again this week,  It was the third straight week of declines, Freddie Mac reported, bring the 30-year fixed average to a six-month low. As to Where Can the Middle Class Buy a Home? For the majority of homes, buying is cheaper than renting. But as home prices rise faster than incomes and mortgage rates slowly decline, the question of national affordability becomes ever more germane. Compared to the longer-term past, home ownership still looks relatively affordable as home prices remain undervalued and mortgage rates remain near historic lows see rates

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