Mortgages Bring Record Savings Over U.S. Rents: Chart of the Day
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U.S. households with home loans are benefiting from the biggest cost savings relative to rents in at least two decades, based on an analysis by Deutsche Bank AG.
The CHART OF THE DAY depicts the difference between after-tax mortgage payments and rents as a percentage of disposable income, according to data that Deutsche Bank compiled from the National Association of Realtors and the REIS Inc. information service. The chart displays fourth-quarter figures for 2002 to 2011 and annual data before then.