[quote=POZ]Thanks for all the comments, we currently reside in Visalia. I agree interest rates will probably go up incrementally.
[/quote]

I was wondering if it was Fresno or Visalia… Just passed through there on our Yosemite/Sequoia spring break tour with the kids.

The savings issue is a tough nut… I tend to think that people should have a reserve before purchasing… but then again, I tend to think people should have a reserve if they’re renting… It sounds like you *might* be able to build your savings faster with the lower monthly out of pocket housing expenses…

If you can find a place to buy, that is cheaper than your rent and at least as nice… Go for it. Bank the difference to build up the savings reserve.