There’s another housing affordability crisis that has nothing to do with purchasing a home. A fresh look a homeownership in America— a dream that has become a nightmare for many senior homeowners.
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Here’s why despite three recent rate cuts by the Fed that long-term interest rates for HECMs and traditional mortgages remain high.
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Against a backdrop economic uncertainty home prices have been surprisingly resilient. That’s good news for older homeowners and bad news for would-be homebuyers.
Continue readingSince the Federal Reserve cut its benchmark interest rate on September 18th the 10-year Constant Maturity Treasury rate has climbed from 3.70% to 4.20%- a jump of 50 basis points…
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What’s a reverse mortgage vacation? If you’ve never heard of such a thing Harlan Accola explains…
Continue readingThe National Reverse Mortgage Lenders Association Annual Meeting & Expo last week was notable for many reasons- most remarkable was the announcement of a major change in the association’s management and leadership.
Continue readingBarrons reports some advisors are touting a different approach to help retirees meet future cash needs: a reverse mortgage line of credit.
Continue readingWall Street isn’t the only entity anticipating interest rate cuts. Here’s what some industry leaders have to say about the potential for HECM originations.
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Housing Wire’s Chris Clow reports on some strategic changes that have yielded big results for one reverse mortgage lender.
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Interest rate cuts may be around the corner. Here’s how reverse mortgage professionals can prepare…
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