Reverse mortgage lenders are ready for lower interest rates
Briefly

"The impact on both the company and the industry will be very evident. The 50 bps Fed cut is welcomed news, and we are hopeful it will have a positive impact on the broader housing market... our industry is more focused on long-term interest rates and the 10-year Treasury yield has already seen a decline over the past two months in anticipation of a Fed rate cut."
"Higher LTVs can enable more net new borrowers to qualify and the CMT 10-year rate changes enable borrowers to get higher proceeds. These are helpful tailwinds for our business."
Read at www.housingwire.com
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