My Monthly Mortgage Payment is Bigger Than Yours

New homebuyers are being more cautious. The typical monthly mortgage payment of February's buyers in the San Francisco Bay Area is a mere $2,446—down 15 percent from a year ago, DataQuick reports. In southern California buyers were even more risk averse last month, committing themselves to $1,821 a month, down nearly 21 percent from the previous year.

[Photo credit: Momadvice]