HomeBuyers

Even before the latest stock-market plunge, U.S. consumer confidence was already sliding downward, according to a Fannie Mae survey released Monday. Some 70% of respondents say the economy is heading in the wrong direction.

As a real estate and mortgage market commentator, I've had to say the phrase "interest rates are at historic lows" so many times, it would be my choice of tattoo text if I were into that sort of thing. (A temporary tattoo, of course.) But last week, mortgage rates went up! And, as a result, the...

California lawmakers hope a new plan to extend a $10,000 tax credit to first-time buyers and those purchasing new homes will help jumpstart the state's lagging housing market, as well as work to clear a backlog of abandoned and foreclosed homes. That's a tall order in a state with one of the...

You've found the right house, you're approved for a loan, your credit score rocks, you have the down payment. Let's make a deal, right? Not so fast. There's a deal-breaker in town and it's called "cash." Those who can buy a home with it are elbowing out those who can't. Turns out there are a lot...

Wells Fargo is offering up a guide for first time homebuyer's, which comes chock full of information and explanations of the many terms associated with getting your first mortgage. The guide is free but does require that you hand over your email address to Wells Fargo. It covers the rent or buy...

In a rare move, Bankruptcy Judge Raymond Ray ordered the United States Trustee to appoint a "Home Purchase Deposit Creditors" committee after hearing directly from 30 Levitt & Sons homebuyers in a special court session on Jan. 10. Some homebuyers were heard in his courtroom, but many were...

More than $15 million in deposits on homes that were never started or are partially built may be lost by homebuyers who had contracts with Levitt & Sons, which is now in bankruptcy. The 547 homebuyers involved have more than $17 million on deposit, but have been offered only $2,450 each as a...