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Buy or rent? Here are some pros and cons
Buy or rent? Here are some pros and cons

Price. Location. Personal preference. There are so many variables that it's hard to make blanket statements about buying versus renting. But there's a case to be made for either right now. A few things to think about: The case to buy •Money's cheap. At 4.2%, the average interest rate on a 30-year mortgage is near record lows. Many economists predict it'll be north of 5% by this time next year. Waiting could prove costly. •Prices appear stable. The big jumps of the last two years are probably in the past, but most forecasters say they think modest price gains will continue in the next two years. Few expect they'll fall any time soon. •If you...

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