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Do you have a more direct comparison between monthly rental costs versus mortgage payments? They are both housing, and while a mortgage rate is related to monthly cost, a doubling of interest rate there doesn't double the monthly cost. I'm wondering if rents are rising enough faster than mortgages that it's helping drive a shift towards ownership.

Mortgage rates seem a lot less locked in, so maybe people are less concerned by them. If rates go up, you keep your older, lower rate. If rates go down, you have the option to refinance at the new lower rate and take advantage of the drop.

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