Baby Boomers - Real Estate Investor Pulse

Here are the markets with the most baby boomer homeowners

January 28, 2024 Allen Santos Comments Off

A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new […]

Baby Boomers and Millennials are Moving, But Not to the Same Places

June 12, 2023 Mark Paul Cervantes Comments Off

“Domestic migration continues to be a key theme shaping the housing market,” said Anna Zhou, economist for Bank of America Institute. The post Baby Boomers and Millennials are Moving, But Not to the Same Places […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]