Author: badmortgage
Key Takeaways A HECM for Purchase lets people aged 62 and older buy a primary home with a large down payment and no monthly mortgage payments. HECMs can help seniors buy larger homes for multigenerational living, including properties with ADUs or two to four units, while keeping more retirement income available. You repay the loan when you sell, move out, or pass away, and heirs never owe more than the home’s value. See if you qualify for a reverse mortgage. Start here Buying a home that fits your whole family, parents, adult children, and maybe grandchildren, often means finding a…
Key Takeaways HEIs can be attractive right now since they provide cash without adding debt at a time when mortgage rates are high. The tradeoff is giving up part of your home’s future appreciation, which could cost more in the long run. Whether an HEI is a good fit depends on your financial situation, market outlook and access to other financing options. See if a home equity investment fits your situation With home values near record highs and interest rates still elevated, many homeowners are exploring alternative ways to convert equity into cash without taking on more monthly debt. One…
Better Home & Finance, the parent company of Better.com, is partnering with Coinbase to launch token-backed down payments for conforming mortgages.Processing ContentAmericans who qualify for a mortgage with Better will be able to use Bitcoin or USD Coin as collateral to fund their down payment through a private loan, the company announced in a press release Thursday. They will still receive the same government-sponsored enterprise support as other conforming mortgages without liquidating tokenized assets and potentially triggering a taxable event.These mortgages will be originated and serviced by Better, an AI-native originator, while the Bitcoin and stablecoin pledges are powered by…
That Escalated Quickly Thu, Mar 26 2026, 4:11 PM It would be easy to check in on the bond market at some point on Thursday afternoon and conclude there’d been precipitous escalation in the Iran war or some other big new development putting pressure on bonds (10yr yields up almost 10bps to 4.42+ and MBS down more than 5/8ths). But today’s selling was remarkably linear and steady. It began in the overnight session and ramped up at 10:30am ET after a brief correction this morning. If you need a single scapegoat, it’s simply “renewed escalation” after yesterday’s session…
Higher housing costs, along with economic uncertainty that comes with the Iran war, are causing some house hunters to think twice. The weekly average mortgage rate has hit a three-month high of 6.22% as the Iran war and jitters about inflation rattle markets. The daily average mortgage rate rose as high as 6.55% on Tuesday. Markets are bouncing around this week as investors try to keep up with conflicting messages about the conflict in the Middle East; stocks and bonds rallied on Monday after the White House said the U.S. and Iran had productive conversations, but it is unclear when…