Gabe Libutti McLean Mortgage Corporation

Is it time to dump your ARM? Some 1.5 million adjustable-rate mortgages reset soon. If yours is one of them, you need to decide whether to lock in your rate and refinance into a new loan. (Money Magazine) -- If you are among the 6.5 million homeowners who took out a low-rate adjustable-rate mortg...

$8,000 home credit still in play Negotiations about whether and how to extend and expand the tax credit for homebuyers are moving quickly. Here are the latest developments. NEW YORK (CNNMoney.com) -- Confused about whether lawmakers will extend the $8,000 first-time homebuyer credit and what it w...

Home sales contracts rise for 8th straight month Real estate rally attributed to first-time homebuyer tax credit that expires at the end of November. NEW YORK (CNNMoney.com) -- The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real e...

Millions of homes to get smart meters Government announces $3.4 billion in grants to help pay for 18 million meters as part of stimulus plan. NEW YORK (CNNMoney.com) -- Some 18 million smart meters are set to make their way into American homes as part of the economic stimulus plan focusing on ene...

Surprise drop in new home sales Sales of newly constructed homes fell 3.6% in September, after five months of gains, according to a government report. NEW YORK (CNNMoney.com) -- Sales of newly built homes fell unexpectedly in September after rising for five straight months, according to governmen...

Foreclosures: 'Worst three months of all time' Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading. NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to preve...

Pick the right pro at the right price To keep a lid on home-improvement costs, hire only the expertise you really need. (Money Magazine) -- For anything from a small upgrade to a major remodeling job, perhaps the most important decision you'll make is whom to hire. You'll seek out a top-notch wor...

Push on to expand $8,000 tax credit Some want to expand the tax credit for homebuyers. Supporters say it could stem price declines. Critics say it would just be a costly, temporary fix. NEW YORK (CNNMoney.com) -- Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax cred...

Mortgages under 5% are back in bloom With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring. NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a...

Mortgage applications jump Industry group says mortgage activity surged 16.4% last week as consumers took advantage of low interest rates. NEW YORK (CNNMoney.com) -- Mortgage applications surged last week as interest rates on home loans remained low, an industry group said Wednesday. The Mortgage...