Author | Rocket Mortgage

Historical Mortgage Rates: 1971 To The Present

Mortgage Basics - 6-minute read

Kevin Graham - March 29, 2024

Historical mortgage rates fluctuate, particularly in uncertain and inflationary times. Learn more about historical mortgage rates from the 1970s to the present.

HIRO Mortgage Program: High LTV Refinance Option

Refinancing - 5-minute read

Kevin Graham - March 29, 2024

The HIRO mortgage program was a high loan-to-value refinance option that offered mortgage relief to owners with low equity in their homes. Here's how it worked.

Buy And Sell Your Home With Trusted Partners

6-minute read

Kevin Graham - March 29, 2024

Whether you’re looking to buy your first or your fifth home, it’s a tough market out there right now. Learn how we can support you.

How Does A Government Shutdown Impact Mortgages?

4-minute read

Kevin Graham - March 29, 2024

It looks increasingly likely that federal government funding could lapse at the end of the week. Here’s what the government shutdown would mean for mortgages

A Guide To Loan Estimates (Or “Good Faith Estimates”)

Mortgage Basics - 12-minute read

Kevin Graham - March 29, 2024

A loan estimate provides important information about the mortgage you have applied for including loan terms, costs and more. Read about loan estimates here.

Ginnie Mae (GNMA) Loans: How The Government National Mortgage Association Works

Loan Types - 6-minute read

Kevin Graham - March 29, 2024

Government agency Ginnie Mae guarantees security on mortgages. Learn how it works, how it benefits the housing market and makes homeownership more affordable.

Get A Leg Up On The Competition With Verified Approval

Home Buying - 5-minute read

Kevin Graham - March 29, 2024

A Verified Approval allows you to confidently make an offer knowing that your financing is rock solid. Read on for details!

Fully Amortized Loan: A Definition

Mortgage Basics - 5-minute read

Kevin Graham - March 29, 2024

A fully amortized loan isn’t as confusing as it may sound. Read about how fully amortized loans work, what they’re for and what the payments consist of.

FHA Down Payment Assistance: Everything You Need To Know

Loan Types - 5-minute read

Kevin Graham - March 28, 2024

Home buyers with an FHA loan can use down payment assistance, but there are restrictions and requirements. Learn more about FHA down payment assistance here.

Federal Reserve Press Release In Plain English – June 2022

Mortgage Basics - 4-minute read

Kevin Graham - March 26, 2024

The Federal Reserve made a big bump in the federal funds rate to try to bring inflation under control. Read on for more details!

Federal Reserve Press Release In Plain English – September 2023

4-minute read

Kevin Graham - March 26, 2024

The Federal Reserve chose to leave the target for the federal funds rate alone at its September meeting. There was a projection of what’s coming next.

Federal Reserve Press Release In Plain English – November 2022

4-minute read

Kevin Graham - March 26, 2024

The Federal Reserve raised the federal funds rate again, but how much and what does it mean for the future? All that ahead.

Federal Reserve Press Release In Plain English – May 2023

Mortgage Basics - 4-minute read

Kevin Graham - March 26, 2024

Continued stress in the banking sector and some mixed economic signals have characterized the last few weeks. How did the Federal Reserve react?

Federal Reserve Press Release In Plain English – March 2023

4-minute read

Kevin Graham - March 26, 2024

It’s been a wild month in the financial sector. Find out how the Federal Reserve reacted in their latest meeting on interest rates.

Federal Reserve Press Release In Plain English – June 2023

Mortgage Basics - 3-minute read

Kevin Graham - March 26, 2024

While the Federal Reserve probably isn’t done with rate hikes, they chose to waive the target range for the federal funds rate where it is this time around.

Federal Reserve Press Release In Plain English – July 2023

3-minute read

Kevin Graham - March 26, 2024

The Federal Open Market Committee chose to raise the target range for the federal funds rate 0.25% to 5.25% – 5.5%. We break down what it means for you!

Federal Reserve Press Release In Plain English – July 2022

Servicing - 5-minute read

Kevin Graham - March 26, 2024

The Federal Reserve raised interest rates, but there are other important details. Read on for a plain English translation of the latest.

Federal Reserve Press Release In Plain English – February 2023

Home Buying - 3-minute read

Kevin Graham - March 26, 2024

The Federal Reserve raised the target for the federal funds rate by 0.25%. Get the details on this and where members see interest rates headed in the future.