The Real Stuff: 5 reasons it's smarter to buy than rent#3

5 reasons it's smarter to buy than rent #3

Increasing interest rates add up fast.  An interest increase of 1 percent results in about a 25 percent increase in interest costs over the life of a 30-year fixed-rate loan. An increase of two percentage points in interest results in a whopping 50 percent increase in the amount of interest paid. That's why it's smart to buy now when rates are at historic lows.

Posted via email from Scott Deaton's Blog