E786: If mortgage rates fall to 5% the housing market could get interesting

What this episode covers

If mortgage rates fall to 5% the housing market could get interesting The housing market is essentially frozen with millions of would-be home sellers sitting tight not wanting to sell and buy a new home only to get stuck with a 7-percent or higher mortgage rate. Reverse mortgage professionals while not directly impacted by home sales are closely watching their local housing market for any signs of a shift. That shift could be triggered by one event according to a recent column in Housing Wire... Other Stories: * [News Channel 8] Credit Denied: Dave Bancroft shares his experience and why more Americans’ loan applications are being denied * [RMD] HECM endorsements grow while the secondary market is challenged...