Posts Tagged ‘birmingham’
3 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…
Read MoreMortgage rates have been coming down and are likely to fall further
But that’s a sign of a weakening economy.Housingby Mitchell HartmanSaveShare Unlike the price of a lot of things in this economy, the price of borrowing money to buy a house has been going down: The average 30-year fixed-rate mortgage fell to 6.5% last week, according to Freddie Mac. Mortgage Daily News reported that this week, a top-tier mortgage…
Read MoreUnderstanding the 60% Reverse Mortgage Rule: 5 Key Takeaways. Yahoo.com and Realtor.com
The Realtor.com Team.Mon, August 25, 2025 at 1:18 PM CDT1 min read When considering a reverse mortgage, understanding the 60% rule is crucial for older homeowners. This rule, which limits the initial access to home equity, is designed to ensure financial stability over time by preventing borrowers from depleting their funds too quickly. The rule…
Read MoreThere are multiple ways to supplement Social Security income that seniors may want to investigate right now.
3 ways seniors can supplement their Social Security now. Moneywatch There are multiple ways to supplement Social Security income that seniors may want to investigate right now. Recent news that Social Security’s insolvency could hit a year earlier than initially expected wasn’t exactly welcome by seniors reliant upon the funds the service provides. Combined with…
Read More6 Key Signs You’ll Run Out of Retirement Funds Too Early
The thought of running out of money in retirement keeps plenty of Americans awake at night. In a survey of financial planners by the Financial Planning Association and the Journal of Financial Planning, over 47 % of respondents rated running out of money as their clients’ greatest retirement fear, with another 22% saying it was…
Read MoreHere are the 6 levels of wealth for retirement-age Americans — are you at the top or bottom of the pyramida.
If you’re planning your own retirement, you probably have a retirement savings goal in mind. Americans believe the “magic number” they need to retire comfortably is $1.26 million, according to a survey by Northwestern Mutual. Comparing your number with the actual net worth of retirement age American seniors should give you an idea of how…
Read MoreHow Panicked Investors are Helping the HECM
How Panicked Investors are Helping the HECM In 2025, the HECM lending industry stands at a critical juncture—balancing long-term promise against short-term headwinds. While demographic trends continue to favor a bright future, reverse mortgage professionals are grappling with regulatory hurdles, declining loan volume, and ongoing public misconceptions. The sentiment? Cautious optimism, grounded in realism. Today,…
Read More3 Ways Retirees Can Prepare for a Recession
3 Ways Retirees Can Prepare for a Recession Retiring is a significant financial achievement. However, the highly publicized conjecture of an impending recession has added layers of complexity and concern for those who’ve recently retired or are preparing to do so. However, with strategic planning and informed decisions that look to all asset classes, retirees…
Read MoreMortgage rates fall again as economy cools further
Mortgage rates fall again as economy cools further Mortgage Rates fall for home loans for the sixth straight week as concerns about the economy buffeted financial markets. In the week ending March 6, 30-year fixed-rate mortgages averaged 6.63%, Freddie Mac announced Thursday. That’s down from 6.76% last week, and marked the biggest weekly decline since…
Read MoreSalute to Veterans
The National Salute to Veteran Patients Week. The week serves not only as a gesture of gratitude but also to raise awareness about the needs of hospitalized veterans and the role of VA facilities in providing comprehensive care. Those interested in participating or learning more National Salute to Veteran Patients Week The National Salute to…
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