Is it better to rent or own in NYC?

Living in the city comes at a price – and it isn't cheap. Finding rent under $2,400 is nearly impossible and average mortgage rates are around $3,460. Here's our answer.

Average long-term US mortgage rate hovers near 7%

The average 30-year fixed loan was 7.08% this week, according to Bankrate’s latest survey of large lenders. Here’s what a monthly mortgage payment at the current rate would look like.