Buying VS Rent

    According to CNN, rent prices are expected to continue to climb in the new year, which means in most cities, buying will be cheaper than renting.

    Even though mortgages could get more expensive, buying might still be the better deal.

    Interest rates would need to rise to around 6.5% for the cost of buying to equal that of renting on a national level, according to Ralph McLaughlin, housing economist at Trulia.

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