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Recently we had a baby and planning to buy a home. Is now a good time to buy a home? In my area houses are around 650K. I have the following questions.

  1. Is it good time to buy a home?
  2. Interest rate mortgage companies are charging @ 5-5.25%. Is it high?
  3. Is it really worth it or stay in a rented home?
  4. Mortgage company asking us to put 72K down payment but we have only 20K. What should I do now?
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    Where are you located? – Nosjack Apr 10 '20 at 15:20
  • SanFrancisco, California – Test Apr 10 '20 at 15:22
  • Or this? money.stackexchange.com/questions/2075/… – yoozer8 Apr 10 '20 at 17:15
  • Whoops, just meant to post that as another potential duplicate forgot that it would close automatically. – Hart CO Apr 10 '20 at 17:48
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    This question is impossible to answer without knowing your income. Can you afford buying a house ? 20k isn't a lot and you definitely shouldn't buy a house until you have a bit more than that – xyious Apr 10 '20 at 18:18