With interest rates down to 3.85%, it may be cheaper to buy -- yes, including property taxes and insurance -- than it is to rent. Some clients of mine have made an offer on a $525k home. They are putting 20% down, and their lender has given them a rate of 3.85% with no points. Unheard of. Their lender's estimate showed that their monthly nut, including property taxes and insurance, will be $2500 plus change. This is for a redone 3+2 with a separate studio! Considering that barely decent 2 bedroom homes are renting for around $2k, could the housing market turn around this spring?