Study: Renters Spend Larger Percentage of Income on Rent Than Homeowners Spend on MortgagesU.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.
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."
Obama To Meet Troops At Camp Pendleton