Freddie Mac’s rate for a 30-year fixed rate loan averaged 6.77% for the week ending June 26. Rates have decreased for the past five weeks.

Thankfully, there is an option for older adults to help improve their financial situation: a reverse mortgage. Not sure what this home loan entails? Find out more about the requirements of reverse ...

Fed rate cuts are still on the table this year, but stronger-than-expected job data will keep policymakers on hold this month ...

With a reverse mortgage, you don’t make monthly loan payments. Instead, the loan balance grows over time as interest and fees ...

The high mortgage rates that have stymied the broader housing market continue to put a lid on reverse mortgage activity too.