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Education and problem solving are keys to reverse for purchase business, agents say

Housing Wire

The Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It would allow older homeowners to use a reverse mortgage to purchase a new home.

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November 2024 South Florida Housing Report

Lamacchia Realty

According to Mortgage Daily News , mortgage rates in November, dropped from about 7% to 6.8% This change helps buyers access higher loan amounts to keep pace with rising home values. Instant Home Evaluation See immediately how this market is impacting your home value. by month’s end.

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September 2024 South Florida Housing Report

Lamacchia Realty

Following along with national housing market trends for the month, South Florida saw a decrease in home sales when compared to this time last year. According to Mortgage News Daily , mortgage rates dropped to 6.1% Instant Home Evaluation See immediately how this market is impacting your home value.

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November 2024 New Hampshire Housing Report

Lamacchia Realty

While overall home sales are down, homes that are listed are still selling quickly. Sellers now could be the perfect time to list your home. According to Mortgage Daily News , mortgage rates in November, dropped from about 7% to 6.8% Here are some tips to help you prepare for a successful winter sale!

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November 2024 Maine Housing Report

Lamacchia Realty

Sellers now could be the perfect time to list your home, and here are some tips to help you get ready for a successful winter sale! According to Mortgage Daily News , mortgage rates in November, dropped from about 7% to 6.8% This change helps buyers access higher loan amounts to keep pace with rising home values.

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November 2024 Rhode Island Housing Report

Lamacchia Realty

While home sales are down, the increase in inventory and demand means there are still great opportunities for both buyers and sellers. Sellers now could be a great time to list your home, and here are some tips to help you prepare for a successful winter sale! by month’s end.

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2025 Loan Limits Increase by $40,000

Lamacchia Realty

High-cost areas, where 115% of the median home value is higher than the loan limit, will rise to $1,209,750 – being the third year the limit exceeded a million dollars. The rise in prices in 2024 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand.

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