Entries by Alex Rojas

Buying Cheaper Than Renting Til Mortgage Rates Hit 10.5% by: Jed Kolko

Nationally, at today’s prices and rents, buying would be cheaper than renting until the 30-year fixed rate reaches 10.5%. San Jose has the lowest mortgage rate “tipping point” at 5.2%, followed by San Francisco and Honolulu. The recent rise in mortgage rates has made buying a house a little more expensive: the increase in the 30-year fixed […]