Rent or Buy? Mortgage Rates Hit 5 Month Low and Fall to 5.78%

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(Image credit: Apartment Therapy)

Buy. If “sobering economic news” doesn’t scare you personally, then it is still a great time to invest in a new home as your monthly carrying costs will be about as low as 5 months ago, when mortgage rates began to climb. While expectations were for better economic news, for prospective buyers this IS good news. (via Bankrate) MGR

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