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On July 1st I started a year long lease with my boyfriend. The rent is a good price, but just because I have been curious I have looked at homes for sale in the same area. I have found some amazing deals. Deals that would allow me to put maybe 3% down and have my mortgage payment be only a few hundred more than my rent payment. I know that interest rates are expected to stay low into 2015, but that worries me because I feel as though more people will want to buy, which will drive home prices up. I have started thinking about breaking my lease and buying. However, breaking my lease could cost me $2,000. Should I continue my lease and save and take the risk that home prices will be higher in 10 months, or should I break the lease and start putting in offers on these deals?
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