Trulia, is a national company known for analyzing and providing information on real estate market trends. Their recent Rent vs. Buy Report revealed the staggering statistic that nationally buying a home is 38% less expensive than renting one.
Interestingly enough, the chief reason behind homeownership affordability is the fact that mortgage rates have been maintaining reasonable lows. Mortgage rate are a lot less volatile when compared to rental costs-- making owning a home a more sound option.
All in all, the timing of our three newest communities King's Pointe, Hadley Park, and Crofton coincide with the ideal time to lock in a low mortgage rate. Dragas Mortgage Company is on hand to assist you with the process every step of the way. Ready to prequalify? Start here.
September 15, 2014
38% Less Expensive to Buy a Home
Trulia, is a national company known for analyzing and providing information on real estate market trends. Their recent Rent vs. Buy Report revealed the staggering statistic that nationally buying a home is 38% less expensive than renting one.
Interestingly enough, the chief reason behind homeownership affordability is the fact that mortgage rates have been maintaining reasonable lows. Mortgage rate are a lot less volatile when compared to rental costs-- making owning a home a more sound option.
All in all, the timing of our three newest communities King's Pointe, Hadley Park, and Crofton coincide with the ideal time to lock in a low mortgage rate. Dragas Mortgage Company is on hand to assist you with the process every step of the way. Ready to prequalify? Start here.
