Reverse Mortgage Metrics Dipped Slightly in June

Reverse mortgage metrics dipped slightly in June

The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too. According to the June report from Reverse Mortgage Insight, Home Equity Conversion Mortgage (HECM) endorsements dropped to 2,244 loans, down 2.3% compared to May and part of a sinking trend that resumed after an uptick in April.  Meanwhile, data from New View Advisors revealed that HECM-Mortgage Backed Securities (HMBS) is…

Will Mortgage Rates Be Higher or Lower by the End of 2025? I Asked AI. - The Truth About Mortgage

I was thinking about mortgage rates, as I often do, when I decided to pose a question to Grok, the LLM chatbot owned by xAI. So many folks debate which way interest rates are going that I decided to just ask the chatbot instead. Why bother debating with humans when I can just ask the… Read More »Will Mortgage Rates Be Higher or Lower by the End of 2025? I Asked AI. The post Will Mortgage Rates Be Higher or Lower by the End of 2025? I Asked AI. a…