Economic factors and rising mortgage rates have had negative influence on real estate investors and buyers adding unnecessary expenses. The buyers and lenders were not expecting that kind of change in the market and it it caught them off guard. However, Marcus Hiles thinks that rates may continue to rise throughout next year. For that reason, he claims that renting should be first option in order to decrease the additional costs and expenses. The US Bureau of Labor Statistics is also of opinion that the financial hit will not be as strong if you rent your place. Read more on: