Reverse mortgage volume, securities issuance increased in April
Reverse mortgage industry performance metrics have been soft so far in 2025, but two key data points involving Home Equity Conversion Mortgage (HECM) volume and HECM-backed Securities (HMBS) issuance saw promising increases in April.HECM endorsements rose by 9% to reach 2,320 loans in April — which
Why this week’s Fed meeting is critical for mortgage rates
This week, the Federal Reserve is holding a crucial meeting that could significantly influence the housing market in 2025 and 2026. The outcome could set the stage for mortgage rate cuts or a pause in action until there are shifts in the labor market. As many have observed, President Trump has expre
The labor market is still keeping mortgage rates elevated
Another jobs week has come and gone, and while we see some signs of a slowdown in the labor market, it’s not breaking. Since 2022, I have suggested that to get mortgage rates below 6% with a longer duration, we need to see either a shift in the labor market or additional rate cuts that would lower t
Coach Manny Caballero
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