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The Federal Reserve Bank building.

3-minute read

Federal Reserve press release in plain English - June 2023

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 ar...

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The Federal Reserve Bank building.

4-minute read

Federal Reserve press release in plain English - September 2023

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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Documents spread across a table alongside a coffee mug, portraying an organized or busy setting related to home paperwork or financial documentation.

4-minute read

What is fair market value (FMV) in real estate and how is it calculated?

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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An image displaying a grey, single-story ranch-style model house with a well-maintained lawn and driveway.

3-minute read

What Is An FHA amendatory clause?

Are you financing your new home with an FHA loan? The FHA amendatory clause is one step to the process. Learn how the clause impacts you as a home buyer.

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Downtown skyline of Fort Myers, Florida.

13-minute read

The top 15 fastest-growing cities in the US

Wanting to move to a busy city with a rapidly growing population? Explore the fastest-growing cities in the U.S. and discover why people are flocking there.<...

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Federal Reserve concept, potentially related to economic discussions or mortgage rates.

4-minute read

Federal Reserve press release in plain English - March 2023

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 concept, potentially related to economic discussions or mortgage rates.

5-minute read

Federal Reserve press release in plain English - July 2022

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

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Suburban ranch house

9-minute read

Home equity loan vs. personal loan: What's the best option?

A personal loan is an unsecured loan, while a home equity loan is backed by your home equity. See the main differences between these two loan types.

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An image capturing a father and his child huddled closely together, both focused intently on a piece of paper laid out before them. The father, pencil in hand, is writing on the paper, while the child watches with interest.

4-minute read

What is the power of sale in a mortgage note, and how does it affect foreclosure proceedings?

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...

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A couple having a discussion, potentially about new home prospects.

4-minute read

What is an escalation clause and when is the time to use one?

An escalation clause states a buyer is willing to raise their offer if a seller receives a higher offer. Read our guide on escalation clauses.

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Federal Reserve Update Image

3-minute read

Federal Reserve press release in plain English - March 2024

The Federal Reserve didn’t say a whole lot new in March, but it did release projections. Here are the details for us obsessive market watchers.

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A Planned Unit Development (PUD) condo, depicting a specific type of residential property.

3-minute read

PUD (Planned Unit Development): What it is and how it differs from other types of housing

A PUD, or planned unit development, is a small community of single-family homes. Read on to learn about living in a PUD and how it differs from other housing...

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A real estate agent showing women a property possibly for the purpose of sale or rent.

4-minute read

How long does an appraisal take? The home appraisal timeline

Home appraisals can take anywhere from a few days to a week depending on timing, scheduling and a home's complexity. Learn how long an appraisal takes and wh...

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An image showing grey and off-white house possibly a good real estate investment.

9-minute read

How to get the best mortgage rate: 9 tips

Home buyers can get the lowest mortgage rate available, even when market rates are trending high. Uncover 9  tips for how to get the best mortgage rate.

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Older couple in blue shirts in the kitchen, possibly depicting domestic life or family moments.

5-minute read

Guide to Form 1098 mortgage interest statement

Did you know your mortgage interest and insurance payments may be tax deductible? Read on to better understand what’s in your 1098 mortgage interest st...

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Front porch of a home with white wicker chairs and a blue front door.

4-minute read

Top home features buyers want in 2024

Rocket Mortgage’s 2024 home feature preferences study unveils buyer preferences for interior, exterior, technology and community features of a home.

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A neighborhood view with rows of suburban houses, tree-lined streets, and parked cars.

4-minute read

Zoom towns are on the rise: Is this lifestyle right for you?

The COVID-19 pandemic led to the rise of zoom towns as remote workers desired new living situations. Find out if buying a house in a zoom town is right for y...

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Small vivid red brick house with white door/window trim and lush green lawn.

7-minute read

CARES Act mortgage forbearance: FAQs and updates

The CARES Act provides mortgage forbearance and other relief to those suffering from the effects of the COVID-19 pandemic. Read on for updates on the CARES A...

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