Cash is a wonderful thing. It may be true that it can’t buy love or happiness, but it sure is useful when it comes to groceries, gasoline and mortgage payments.
Real median household income, says the Census Bureau, reached $49,777 in 2009. That’s 5 percent less than households earned a decade earlier, in 1999, when they typically took in $52,388.
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In recent months mortgage rates have plummeted and plunged to depths rarely seen.
“Fixed-Rate Mortgages Lowest on Record,” said a recent Freddie Mac news release.
If you’re a borrower the news on the mortgage front has only been good. There can’t possibly be a mortgage shortage when rates are in the dumper — low rates have to mean the supply of cash is outstripping loan demand.
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Twice a month, we’ll do a roundup of the most popular stories on Future Military Homeowners and toss them all together for you. So, if you missed an article or two or haven’t been by in a while, here’s what you missed:
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