Lower rates reduce monthly mortgage payments, e.g., saving $96 monthly on a $703,446 home with a 10% downpayment.
Price-to-rent ratios indicate where buying may be more advantageous:
– Below 16 favours buying
– Above 21 favours renting
Lower rates reduce monthly mortgage payments, e.g., saving $96 monthly on a $703,446 home with a 10% downpayment.
Price-to-rent ratios indicate where buying may be more advantageous:
– Below 16 favours buying
– Above 21 favours renting