Home prices are soaring across the U.S., and unfortunately for homebuyers, so are mortgage rates. The result: homeownership is less affordable. The Wall Street Journal recently reported that the median sales price for existing single-family homes jumped almost 16% in the first quarter of 2022 compared to the same period last year. Concurrently, the average for a 30-year fixed-rate mortgage rose from 3.1% at the end of 2021 to 5.1% by April 2022 — nearly the highest in over a decade.

June is designated as National Homeownership Month, shining a spotlight on the American dream of owning a home. The Department of Housing and Urban Development continues to focus on helping individuals and families purchase and maintain their homes while upholding its mission: to give everyone the chance to live with dignity, safety and hope wherever they call home.

Wondering where your loved ones should live in retirement? Consider what they value. A reverse mortgage may help them afford the home they’re looking for.

Before you list your home for sale, taking care of a few things first can really help it sell fast—and save you money.

Many older homeowners don’t realize that a reverse mortgage can be used to purchase a home that better suits their retirement lifestyle