Federal Reserve Press Release In Plain English – September 2023

Mortgage Basics - 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.

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Federal Reserve Press Release In Plain English – November 2022

Mortgage Basics - 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.

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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?

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Federal Reserve Press Release In Plain English – March 2023

Mortgage Basics - 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.

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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.

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Federal Reserve Press Release In Plain English – July 2023

Mortgage Basics - 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!

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Federal Reserve Press Release In Plain English – December 2023

Mortgage Basics - 3-minute read

Kevin Graham - March 26, 2024

Not only did the Federal Reserve leave the federal funds rate unchanged in December, but there are the first signs that rate cuts may be on the way.

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Fannie Mae Vs Freddie Mac: What’s The Difference?

Mortgage Basics - 4-minute read

Miranda Crace - March 26, 2024

If you’re wondering what the difference is between Fannie Mae and Freddie Mac, you’re not alone. We broke down the similarities and differences for you here.

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What Is Fair Market Value (FMV) In Real Estate And How Is It Calculated?

Mortgage Basics - 4-minute read

Lauren Bowling - March 26, 2024

Fair market value (FMV) in real estate is an assessment of a property's worth in an open market. Learn how FMV is calculated and what it's used for.

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Escrow Refund: What Is It and When Does It Occur?

Mortgage Basics - 4-minute read

Sarah Sharkey - March 25, 2024

Not sure what an escrow refund is or even when they occur? Read our article on all things escrow refund related and what to expect when dealing with one.

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Proprietary Reverse Mortgage: What You Need To Know

Mortgage Basics - 6-minute read

Victoria Araj - March 25, 2024

Proprietary reverse mortgages let homeowners take out a loan against their home equity through a private lender. Learn more about this mortgage tool.

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Home Equity Loan Vs. Mortgage: What’s The Difference?

Mortgage Basics - 6-minute read

Sidney Richardson - March 25, 2024

A home equity loan and a mortgage loan are different loan types in the homeownership journey. Learn the differences between the two and when to use them.

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What Is The Power Of Sale In A Mortgage Note, And How Does It Affect Foreclosure Proceedings?

Mortgage Basics - 4-minute read

Victoria Araj - March 25, 2024

The power of sale allows a lender to sell a home – without judicial review – if a borrower defaults on a mortgage. Learn more about how the power of sale works.

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What Is Total Debt Service And The Debt Service Coverage Ratio (DSCR)?

Mortgage Basics - 6-minute read

Dan Rafter - March 25, 2024

Lenders use total debt service to measure your ability to repay a mortgage. Learn what a debt service coverage ratio (DSCR) is and how to calculate it yourself.

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10 Tips For How To Get The Best Mortgage Rate Available

Mortgage Basics - 10-minute read

Victoria Araj - March 20, 2024

With preparation, home buyers can get the lowest mortgage rate available, even as rates rise overall. Read our 10 tips for how to get the best mortgage rate.

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10-Year Mortgage Rates: A Complete Guide

Mortgage Basics - 6-minute read

Victoria Araj - March 20, 2024

If you want to get out of mortgage debt faster, a 10-year mortgage term may be a good option to consider. Learn more about current 10-year mortgage rates here.

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How To Shop For A Mortgage: 5 Steps

Mortgage Basics - 6-minute read

Ashley Kilroy - March 20, 2024

Planning to buy a house? One of the first steps in the process is securing a home loan. Learn how to shop for a mortgage and find the best rate here.

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Selling A House With A Mortgage: A Guide

Mortgage Basics - 8-minute read

Kevin Graham - March 20, 2024

Selling your home while you’re still paying off your mortgage can be difficult to navigate. Learn how to prepare to sell your house and pay off your mortgage.

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