Mortgage rates are over 7%. Is is better to buy or rent a home?

Mortgage rates are lingering above the 7% mark for the second consecutive week, sparking reluctance amid prospective homebuyers to venture into the housing market. Against a backdrop of elevated borrowing costs, Yahoo Finance's Dani Romero joins Wealth! to dissect the financial implications of renting versus buying under the prevailing high-rate environment. #youtube #news #realestate About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.din.com/company/yahoo-finance