File photo of a "for rent" sign outside of an apartment. (Photo credit: Justin Sullivan/Getty Images)

Study: Renters Spend Larger Percentage of Income on Rent Than Homeowners Spend on Mortgages

U.S. renters can expect to spend 30 percent of their income on rent, while home buyers can expect to spend just 15 percent of their monthly income on a monthly mortgage payment.


President Barack Obama. (Photo by MANDEL NGAN/AFP/Getty Images)

Obama: I Won’t Refinance Mortgage Because As ‘President You Have To Be A Little Careful About These Transactions’

President Barack Obama said Wednesday he’d save money if he refinanced the mortgage on his Chicago home, but he hasn’t jumped on current low interest rates because “when you’re president you have to be a little careful about these transactions.”


His second-term agenda on the line, President Barack Obama urged his most ardent supporters to mount a summertime show of support that can rival any opposition Obama and Democrats may face from constituents next month. "We've got to get folks activated and involved," Obama declared. (Photo by Stephen Lam/Getty Images)

Obama To Meet Troops At Camp Pendleton

LOS ANGELES (AP) — President Barack Obama will meet with U.S. troops and their families Wednesday during a stop at California’s Camp Pendleton. The White House says the president wants to thank the service members […]