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Super-Low Interest Rates Give Reverse Mortgages New Appeal for Older Americans

Super-Low Interest Rates Give Reverse Mortgages New Appeal for Older Americans

The American College of Financial Services
Bankrate
August 24, 2020

In the COVID-19 pandemic, people at or near retirement are being hit hard and seeing their savings cut back because of low interest rates. With portfolio income and savings depressed, many are in jeopardy of having to seriously rethink their plans for retirement.

RICP® program director Wade Pfau says, unlike other financial products, reverse mortgages actually benefit from low interest rates, and could be the answer to retired clients’ financial problems. Read more in this piece from Bankrate.

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