For the first time since the pandemic, homebuyersare facing mortgage rates exceeding 4% for the first time. While low rates helped homebuyers and refinancers at first, increased rates may be a godsend for an overheated housing market.
Many homebuyers are being priced out of the market due to higher mortgage rates, rising prices, and a severe housing shortage (active listings dropped 19 percent year over year last month). In fact, nearly a third of first-time homebuyers plan to wait for lower prices, according to a recent...
No one hesitates when taking out a regular mortgage so why do reverse mortgages get such a bad reputation? In the right situation, the benefits of a reverse mortgage can highly outweigh the disadvantages. If youre a retiree that wants to stay in your home, rent-free, as well as getting...