Aging populations could drive demand for reverse mortgages, which are mortgages that are typically repaid via the eventual proceeds from the sale of the home. In our latest #ABSFrontiers article, we explain the main features of reverse mortgages, examine regional trends, analyze the age distributions of select countries and their effect on demand, and contemplate the risks to borrowers that could influence the popularity of reverse mortgages: https://okt.to/0654uT
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Mortgage rates have dropped more quickly than we expected when we had this conversation, but have stagnated recently. The good news for buyers (and sellers) is that there’s actually a good chance we’ll see interest rates in the low sixes - or maybe, if things break right - even in the high five percent range by the end of the year.
The BURNING QUESTION as we enter 2024: Where will rates be 1 year from NOW? Rick Sharga predicts we’ll see MID-SIXES in the next year, which will be a big step in the RIGHT DIRECTION. People are waiting for that number to drop so that they can move on to their NEXT HOME. Right now, they just aren’t willing to cut ties with their low mortgages. Once we see these rates get low enough, INVENTORY will start to UNLOCK! Rick Sharga
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Only 1% of US houses have changed hands YTD, according to data from Redfin. Further complicating matters is that almost 90% of all US mortgages have a fixed interest rate below 6%. Most Advisors implement plans that incorporate major life events such as a home purchase. Where advisors may miss an opportunity is speaking to clients about the equity in their Real Estate portfolio and what resources could be available to them.
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No, when you take out Equity Release, the interest rate does NOT change and is fixed for life. T: 01676 533 658 E: admin@mortgage-consultancy.co.uk W: https://lnkd.in/e8C2KpiT Home Reversion and Lifetime Mortgages are complex products. To understand the features and risks ask for a personalised illustration. https://lnkd.in/eJvpxxRe
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The Fed left interest rates unchanged and indicated that they may take a hands-off approach for a while. Find out what that means for mortgages and buying a home: http://ms.spr.ly/6041iFTCx #MortgageNews #FedMeeting #MarketUpdate
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No, when you take out Equity Release, the interest rate does NOT change and is fixed for life. T: 01676 533 658 E: admin@mortgage-consultancy.co.uk W: https://lnkd.in/e8C2KpiT Home Reversion and Lifetime Mortgages are complex products. To understand the features and risks ask for a personalised illustration. https://lnkd.in/eJvpxxRe
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The Fed left interest rates unchanged and indicated that they may take a hands-off approach for a while. Find out what that means for mortgages and buying a home: http://ms.spr.ly/6047iFTFd #MortgageNews #FedMeeting #MarketUpdate
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The Fed left interest rates unchanged and indicated that they may take a hands-off approach for a while. Find out what that means for mortgages and buying a home: http://ms.spr.ly/6044iFTFY #MortgageNews #FedMeeting #MarketUpdate
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The Fed left interest rates unchanged and indicated that they may take a hands-off approach for a while. Find out what that means for mortgages and buying a home: http://ms.spr.ly/6042iFThm #MortgageNews #FedMeeting #MarketUpdate
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SVP of Mortgage Lending at Guaranteed Rate NMLS ID: 73944 Guaranteed Rate NMLS ID: 2611
The Fed left interest rates unchanged and indicated that they may take a hands-off approach for a while. Find out what that means for mortgages and buying a home: http://ms.spr.ly/6048iFThs #MortgageNews #FedMeeting #MarketUpdate
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The Fed left interest rates unchanged and indicated that they may take a hands-off approach for a while. Find out what that means for mortgages and buying a home: http://ms.spr.ly/6048iFThk #MortgageNews #FedMeeting #MarketUpdate
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