Posts Tagged ‘birminghamrealtor’
How can Americans; especially senior Americans live with these high grocery prices?
Don’t expect Reverse mortgage rates to fall after the Fed’s interest-rate cuts.
But here’s one move borrowers can make right now.Waiting for the Fed to cut so Reverse Mortgage rates will go down is a ‘flawed’ idea, one professor says. I found this article I wanted to bring to my viewers. The 30-year mortgage rate fell to the lowest level in a year in early September, a…
Read MoreUse a Reverse Mortgage Purchase to buy a house.
Peter is 75 years old and is beginning to struggle to pay for and maintain his existing $750,000 home. So, he was planning on selling that home, netting about $500,000, and using the proceeds to pay cash for a new $500,000 home in a maintenance-free senior community.· His only income is his $3,500 a month…
Read More3 things retirees should know about reverse mortgage rates now
There are a few big things retirees should know about reverse mortgage rates in today’s market. The Federal Reserve announced its first rate cut of 2025 yesterday, lowering its benchmark rate by a quarter of a percentage point. After holding steady for months in the face of stubborn inflation, the Fed is now signaling that…
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