Mortgage reward credit cards like Mesa and Rocket Mortgage are disappearing due to profitability challenges and transaction fee issues, leaving consumers with fewer options for earning rewards on mortgage payments. Mesa abruptly shut down its card without notice, and Rocket Mortgage also ended its co-branded card, prompting affected customers to continue paying their balances and seek alternative rewards programs like Bilt, which plans to introduce new mortgage reward options in 2026.
The Detroit Lions will hold their 2023 Training Camp presented by Rocket Mortgage at their headquarters and training facility in Allen Park, featuring joint practices with the New York Giants and Jacksonville Jaguars. Fans will need to register for free tickets to attend, with Lions Loyal Members receiving exclusive access to certain practices. The camp will have activities for all ages, including merchandise giveaways and autograph signings. Parking is free, and daily practice updates will be available on the team's website and Twitter.
Rocket Mortgage has launched a new program called ONE+ that allows low and moderate-income aspiring homeowners to buy homes in their area with just 1% of a home’s purchase price down, as well as avoid paying mortgage insurance. The program will be available to qualifying homebuyers in all 50 states. Rocket will pay 2% of the borrower’s loans to ensure the mortgages are sold and guaranteed by Fannie Mae and Freddie Mac. Unlike subprime loans, borrowers must meet specific and stringent credit standards to prevent defaults. The program aims to level up some of the folks who are struggling in a competitive housing market where prices have risen.
