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

3-minute read

Federal Reserve press release in plain english - July 2023

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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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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The Federal Reserve building, representing a financial institution.

3-minute read

Federal Reserve press release in plain english - December 2022

The Federal Reserve raised the federal funds rate by 0.5% in December to a range of 4.25% – 4.5%. Check out our analysis on what that means for you.

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

3-minute read

Federal Reserve press release in plain English - February 2023

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....

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Federal Reserve Update Image

3-minute read

Federal Reserve press release in plain English - December 2023

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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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 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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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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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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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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Two couples in a kitchen discussing something.

4-minute read

Reverse mortgage requirements: A complete guide

For a reverse mortgage, seniors must meet certain requirements, which vary according to the option chosen. Learn more about reverse mortgage requirements.

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Couple in Modern House

6-minute read

Tenancy by entirety: Defined and explained

Tenancy by entirety allows married couples to each own 100% of the property – as one entity. Learn more about the benefits and drawbacks of this type o...

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Equal Opportunity Neighborhood - Stately Homes

10-minute read

Equal opportunity housing: What you need to know

Equal opportunity housing protects buyers from discrimination in housing. Learn more about what equal opportunities mean for you and how they’re enforc...

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