Rent or Buy? Mortgage Rate Rebound a Bit to 5.85%

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(Image credit: Apartment Therapy)

Still buy. While rumor has it that the New York housing bubble is about to burst, in which case DON’T BUY YET, who the hell knows? Handicapping New York real estate is like betting on where Ivan will make his next landfall. Meanwhile, mortgage rates rose slightly because of a mildly upbeat unemployment report for August (unemployment down).

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