Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.
5 Reasons Why Homeownership Is A Good Financial Investment
According to a recent report by Trulia, "buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%." That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?
Mortgage payments can be fixed while rents go up.
Equity in your home can be a financial resource later.
You can build wealth without paying capital gains.
A mortgage can act as a forced savings account.
Overall, homeowners can enjoy greater wealth growth than renters.
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