There are a number of reasons why owning your home is smarter than paying rent. The current demand for apartments has created a rental shortage, causing the cost of renting a home to go up. According to economists, rental rates are rising above inflation with an expected growth of 3.9% in 2017, and will continue to rise year after year. But when you purchase a home and lock in today’s near record low interest rates, your mortgage payment will stay right where it is from the beginning. So while rents will keep going up, the cost of owning a new home of your own will remain stable. That’s peace of mind you can count on.