ICE says property insurance costs rose at a record rate in 2024Homeowners are increasingly switching insurance providers and taking on higher deductibles to manage rising costs.
The biggest challenge for the reverse industry in 2024? Mortgage ratesThe reverse mortgage industry faces significant challenges due to high interest rates and inflation, impacting borrower participation.
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategiesMortgage rates will remain higher, attracting borrowers facing life events, not economic gamers. Lenders must innovate for profitability.
The biggest challenge for the reverse industry in 2024? Mortgage ratesThe reverse mortgage industry faces significant challenges due to high interest rates and inflation, impacting borrower participation.
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategiesMortgage rates will remain higher, attracting borrowers facing life events, not economic gamers. Lenders must innovate for profitability.