More than 7.5 million homeowners spend at least half of their income on housing; 19 million are above 30%.
That's 53% of all homeowners with mortgages. No wonder Americans feel strained.
mortgagesHousing costs: Half your income?MSN Money Latest Articles Wed, 09/24/2008 - 15:25
More than 7.5 million homeowners spend at least half of their income on housing; 19 million are above 30%. Tags:
Mortgages: Considering the Seven-Year PlanNYT > Your Money Fri, 09/19/2008 - 13:57
Some mortgage experts suggest that you should avoid moving unless you expect to stay in the new home for at least seven years. Mortgages: It’s Helpful to Know Your LimitsNYT > Your Money Sat, 09/13/2008 - 06:45
Buyers are finding themselves caught up in the competition and bidding at housing auctions and getting carried away. Mortgages: Check Credit Unions for DealsNYT > Your Money Sat, 08/30/2008 - 16:11
Credit union mortgages are not typically marketed through brokers, yet they have grown increasingly attractive in recent months. Tags:
How to come up with a down paymentMSN Money Latest Articles Mon, 08/25/2008 - 23:01
Zero-down mortgages are fading as lending rules tighten. If you lack the cash to get into that new home, consider these 12 options along with some buying strategies. Mortgages: Higher Fees for MortgagesNYT > Your Money Sat, 08/23/2008 - 17:23
Fannie and Freddie increased the fees they charge lenders for many loans, effectively bumping up interest rates for many borrowers who have marginal credit. Mortgages: Finding Cash in a HomeNYT > Your Money Sat, 08/16/2008 - 18:53
A new service essentially offers a cash advance on the home, in exchange for the owner’s promise to share in the home’s future appreciation. Mortgage rates hold steady againEconomic news - CNNMoney.com Thu, 08/14/2008 - 09:41
Rates on 30-year mortgages remained unchanged for the second consecutive week as this week brought a mixed bag of economic readings. The $5 trillion messEconomic news - CNNMoney.com Fri, 07/11/2008 - 10:43
They own or guarantee $5 trillion worth of mortgages - nearly half of all the country's outstanding home loan debt - and they're crashing. |