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If mortgage rates fall to 5% the mortgage market could get interesting

by Shannon Hicks

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EPISODE #786

If mortgage rates fall to 5% the housing market could get interesting

The housing market is essentially frozen with millions of would-be home sellers sitting tight not wanting to sell and buy a new home only to get stuck with a 7-percent or higher mortgage rate. Reverse mortgage professionals while not directly impacted by home sales are closely watching their local housing market for any signs of a shift. That shift could be triggered by one event according to a recent column in Housing Wire…

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reverse mortgage podcast   reverse mortgage podcast 

Shannon Hicks - Shannon is a cofounder of Reverse Focus, Inc. He draws from his experience as a reverse mortgage originator and prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he began podcasting and in 2010 with weekly video updates. He has spoken nationally at industry events and is host of the nation’s only weekly podcast for reverse mortgage professionals “Reverse Focus Weekly”. For more information, call 1.800-805-9328 x 3-3 or visit www.ReverseFocus.com .

1 comment

John Stephen Mitchell August 9, 2023 at 8:54 am

Thanks for the info. Steve

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