Mortgage rates have been dropping for the past few months, with a 30-year fixed falling to 4% recently according to FreddieMac. And now there’s the possibility that the Fed will lower interest rates.
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How do Reverse Mortgages Work? When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you.Reverse mortgages take part of the equity in your home and convert it into payments to you – a kind of advance payment on your home equity.
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Adding to strong gains so far in 2019, REITs and Homebuilders delivered another solid week of outperformance, pushing YTD gains above 20% and 30%, respectively. The major equity indexes finished.
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