John Mcintosh

Mortgage rates above historical norms continue discouraging many potential buyers from entering the housing market.
Existing homeowners remain reluctant to sell because replacing their low-rate mortgages would significantly increase monthly payments.
Home sales activity has stayed subdued despite stable employment and continued population growth across many regions.
Economists expect only gradual improvement unless borrowing costs decline meaningfully over the coming year.

Are Mortgage Rates Freezing Sales?

A reverse mortgage does not transfer ownership. The borrower keeps title, while the lender holds a lien, similar to a traditional mortgage.
Heirs are protected by non-recourse rules: repayment cannot exceed home value. Remaining equity depends on stay length, rate, and amount drawn over time.
Reverse mortgage payments are loan proceeds, not taxable income. They do not, on their own, affect tax brackets or benefit eligibility directly.
Borrowers may remain indefinitely when taxes, insurance, and maintenance stay current. Terms are set at closing, with independent counseling required beforehand for consumers.
Reverse mortgages are not right for everyone. Still, some planners view home equity as a strategic retirement income tool, not a desperation move.