[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2qws2ulf4w4u0":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},630,"whether-you-rent-or-buy-youre-paying-a-mortgage","Whether You Rent or Buy, You’re Paying a Mortgage","There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F08\u002F01161205\u002F20160822-STM.jpg","There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s.\u003C!--more-->\r\n\r\nAs \u003Cem>The Joint Center for Housing Studies at Harvard University\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.jchs.harvard.edu\u002Fsites\u002Fjchs.harvard.edu\u002Ffiles\u002Fw13-1_belsky_0.pdf\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.  \u003C\u002Fem>\r\n\r\n\u003Cem>That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nChristina Boyle, a Senior Vice President, \u003Cem>Head of Single-Family Sales & Relationship Management\u003C\u002Fem> at \u003Cem>Freddie Mac,\u003C\u002Fem> explains another benefit of securing a mortgage vs. paying rent:\r\n\u003Cblockquote>\u003Cem>“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAs an owner, your mortgage payment is a form of \u003Cem>‘forced savings’\u003C\u002Fem> which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.\r\n\r\nInterest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002F\">\u003Cem>Freddie Mac’s\u003C\u002Fem>\u003C\u002Fa> latest report shows that rates across the country were 3.43% last week.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.","\r\nWhether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},35,"Mortgage Rates","mortgage-rates","2016-08-22T10:00:57Z","2016-08-19T10:36:07Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},629,"old-millennials-are-diving-head-first-into-homeownership-infographic","‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]","https:\u002F\u002F\u002F","2016-08-19T10:00:39Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},631,"2-myths-about-mortgages-that-may-be-holding-back-buyers","2 Myths About Mortgages That May Be Holding Back Buyers","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F08\u002F01161119\u002F2-Myths-STM-Featured.jpg","2016-08-23T10:00:37Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]