Paying for a house in cash can speed up the buying process, lower your long-term costs and give you instant 100 percent home equity. Getting a mortgage, on the other hand, allows you to save that ...

Based on a 20 percent down payment and a 6.78 percent mortgage rate, the monthly payment of $2,074 amounts to 25 percent of the typical family’s monthly income. Mortgage rates didn’t respond ...

Some 58 percent of homeowners who have mortgages—that's about 28 million households—pay interest rates that are higher than today's bargain rates. Many could save thousands by refinancing.

Languages: English Mortgage rates surged for the second straight week, reaching 6.67 percent, according to Freddie Mac. That was the average for 30-year loans, up from 6.65 percent last week ...