Why rent when you can buy?
Although it varies widely from city to city, the upfront cost of buying a home is only a little more than renting in some areas of the country.
Which means, with interest rates still relatively low, this might be the time to seriously evaluate the decision of whether to rent or own, say realtors.
Let's say you’re renting now for $1,300 per month. Assuming a mortgage rate of $5.25%, $1,300 will be equivalent to a monthly payment on a mortgage of $218,000, based on a 25-year amortization.