Investing

Mortgage Term 'Escrow Deposit': What It Means And Where It Applies

Escrow is one word that you'll probably encounter many times during your home buying process. Several escrow types will come up during this time and you may get confused as to where your money will be placed if you use an escrow account. Here is a very quick summary of how escrow works and how it is applied to your home purchase transaction.

Mortgage Trends, Update, Readings: Home Builder Confidence Decreased By A Point, Housing Starts Increased, Mortgage Rates Increased

According to reliable reports, home builder confidence slipped by a point compared to its expected reading and November reading. The current home builder confidence reading is 61. Despite the slip, it is worth noting than readings above 50 means that more builders are confident about the housing market conditions, and December's reading is still higher than the average reading of the year which is 59.

Real Estate News: Commercial Real Estate and Economic Development (CREED) Act Passed in the Congress, Reinstates 504 Debt-Refinancing Program

The National Association of Development Companies (NADCO) has announced that the Commercial Real Estate and Economic Development (CREED) Act has been passed in the congress and will permanently reinstate the debt-financing element in the 504 loan program of the Small Business Association.