High Rental Rates Equal Higher Mortgage Rates?

High rental rates near BART don’t necessarily equal higher mortgage rates.  KQED recently posted this cool albeit somewhat depressing map showing you where you can find an affordable 1 bedroom near BART.  While this may be hard to look at from a renter’s point of view, we need to remember that owning closer to BART does not necessarily mean you will be paying a higher mortgage. The housing market is definitely on fire right now but when you sit down and look at the numbers you would be paying to rent in a certain neighborhood you might just actually be better off by owning in that neighborhood. If you want to learn more – contact me and let’s discuss what options you have!