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February 11, 2015

Double-Digit Rates? 1 in 3 Consumers Would Still Prefer to Buy

Homeownership

Double-Digit Rates? Consumers Prefer to Buy

A new poll finds that many consumers view homeownership as a better investment than renting, even if mortgage rates were to climb.

More than 3 in 5 respondents say they prefer to own rather than rent, even if mortgage rates rise by more than a percentage point. And 1 in 3 would still consider buying if the 30-year fixed climbed to 10% or higher.

About 35% of respondents who have a mortgage say they are not very confident they know what their mortgage rate is.

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