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

by Shannon Hicks
| One Comment
| August 7, 2023

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EPISODE #786

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…

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Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.