Record-high home equity is an opportunity for reverse mortgages
Home Equity Conversion Mortgage (HECM) endorsements dropped by only 1% in May to 2,296 loans, showing their resilience despite a stressed housing market.
A Third of Americans Say Mortgage and Debt Are Unmanageable-They Need These 5 Tips
"Affordability remains a challenge as mortgage rates hover near 7%, and home prices have not budged significantly," says Realtor.com® Senior Economic Research Analyst Hannah Jones.