Is it Cheaper to Buy than Rent?

Did you know that buying a house in metro Phoenix is as much as 34 percent cheaper than renting a house? Based on current home prices, rents, types of mortgages and interest rates, it can be cheaper to buy a home than to continue renting. Falling interest rates over the past few weeks have made buying more affordable for many people. The current1010119_731602346914610_5604799721344199900_n average rate, according to Freddie Mac, for a 30-year mortgage is about 4.12 percent. Nationally, buying is now approximately 38 percent cheaper than renting if you stay in a house for seven years, get a 30-year mortgage, put 20 percent down, itemize deductions at the 25 percent tax bracket and get a 4.3 percent mortgage rate. Sounds like it’s time to start the holiday shopping a little early…time to start shopping for a house.

Contact the Sibbach Team to view Scottsdale homes for sale.  480-215-7365

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    Finalists will be announced in October 2016

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  • Date: 4/18/2019

    Source: Email

    I think of you often, and just wanted you to know that you made such an impression on me, and you were such a joy - Read More

  • Date: 04/05/2019

    Source: Zillow

    Elise helped my wife and I purchase our first home and we were astounded with the work she did! She often checked in with us - Read More

  • Date: 03/30/2019

    Source: Zillow

    We were in the market for an investment property in AZ as we live out-of-state. Not having the time to spend in AZ looking at - Read More

  • Date: 03/28/2019

    Source: Zillow

    Cheryl was a pleasure to work with! She was patient with us when we kept changing our minds about where to live, price range, size, - Read More

  • Date: 03/22/2019

    Source: Zillow

    Neal represented me in the sale of my house. He is hardworking, caring and a dedicated agent. I highly recommend Neal for all real estate - Read More

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