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Tag Archives: HELOC

Nearly Half of All Americans Believe Now is a Bad Time to Buy

While about a third of Americans believe they’ll never be able to afford their dream home, a new survey from Bankrate revealed that almost 50% of respondents suggest that now isn't the best time to buy a home based on current market conditions. Click through to explore the latest on homebuyer sentiment.

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Average New Mortgage Payments up 60% in Last Two Years

"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.

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Q4 Senior Home Equity Levels Dip to $12.39T Nationwide

According to a new report from National Reverse Mortgage Lenders Association, the slight drop in the NRMLA/RiskSpan Reverse Mortgage Market Index was driven by a modest decline in senior home equity from a peak of $12.42 trillion in Q3 2022 to $12.39 trillion in Q4 2022.

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Senior Home Equity Exceeds Record $11.8T

home equity

The National Reverse Mortgage Lenders Association and RiskSpan Reverse Mortgage Market Index hit a record high of 413.22, while senior housing wealth grew by nearly $226 billion in Q3 of 2022.

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