The Connolly Agency

Mortgage Rates Still at Record Lows

Mortgage rates are continuing to drop as they hit their lowest point of the year last month. Rates have been dropping at a relatively consistent rate through the past ten years, starting out over six percent, but have since dropped to 3.86% recently. Andrea Riquier, of Realtor.com gives a little write up on this, “Rates for […]

The Misleading Math Behind the Rent vs. Buy Calculation

 To Rent or To Buy – It’s Often the Question Determining if you can afford to buy a home versus continuing to rent can be a straight-forward calculation.  Total the monthly costs for your potential mortgage, insurance, taxes and other expenses compared to monthly rent and other expenses.  But, the article below shows there is more […]