Low mortgage rates combined with price cuts brought the typical monthly payment to $1,090 -- a level almost half that of February 2008, when a buyer of a median-priced home at prevailing mortgage rates would have had a monthly payment of $1,940, according to DataQuick.
That isn't really much more than I would have expected to pay for rent. Three to five years of saving and I would think I would be be in really good shape.
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