The month in reverse mortgage rates: August 2024 by Dan Hultquist for HousingWire
HousingWireHousingWire As discussed in previous reverse mortgage rate updates, the federally insured Home Equity Conversion Mortgage (HECM) is the dominant reverse mortgage in America. As a result, HECM has become synonymous with reverse mortgages. But did you know that nearly all HECMs originated today are variable-rate loans? This is in…
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