Garmaine Staff asked 2 years ago
This question already has answers here:
http://money.stackexchange.com//questions/3565/when-is-it-better-to-rent-and-when-is-better-buy-in-a-certain-property-market”>When is it better to rent and when is better buy in a certain property market? (5 answers)
Closed yesterday.

Recently we had a baby and planning to buy a home. Is now a good time to buy a home? In my area houses are around 650K. I have the following questions.

  1. Is it good time to buy a home?
  2. Interest rate mortgage companies are charging @ 5-5.25%. Is it high?
  3. Is it really worth it or stay in a rented home?
  4. Mortgage company asking us to put 72K down payment but we have only 20K. What should I do now?