RE Q&A: Is a Reverse Mortgage a Bad Idea?

An older couple has home equity and wants to use some of that money to augment their fixed income hit by inflation. A reverse mortgage sounds ideal – but is it?

Mortgages Rates Just Barely Higher. Bigger Moves Are Likely Ahead

Mortgage rates barely budged today.  The average lender was just a hair higher compared to Friday's top tier conventional 30yr fixed rate offerings. In other words, if you were thinking of locking in a rate last week, things would look about the same today.  This wasn't necessarily the cas

Counselors of RE List Top Industry Issues for 2024

Too few sellers, high home prices, 8%-ish mortgage rates and strong buyer demand made the list, but so did AI and the “staggering costs to repair … aging infrastructure.”

Condo Reserve Rules Push Some Toward Foreclosure

Some fixed-income condo residents in older buildings must pay for expensive deferred-maintenance repairs as they watch their property insurance costs rise.