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Owning a home vs. renting

Owning a home vs. renting

By Daniel Gutierrez. CREATED Mar 21, 2013

If you own a home, you might be paying less per month than many renters.

On average, it's 44 percent cheaper to buy nationally, than it is to rent.

In fact, homeownership is cheaper than renting in all of America's 100 largest metro areas, thanks to falling mortgage rates.

According to Freddie Mac, between February 2012 and February 2013, the 30-year fixed rate dropped from 3.9% to 3.5%.