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Reverse mortgages gain as senior home wealth hits a record
Home equity for borrowers 62 and older rose to $14.9 trillion in Q1 2026, despite senior mortgage debt increasing at the same time.
Mortgage News Daily points to Freddie Mac data showing 30-year mortgage rates averaging 6.66, while also noting rising interest in reverse mortgages for homeowners age 62 and older.
According to the latest quarterly NRMLA Riskspan Reverse Mortgage Market Index, housing wealth among homeowners aged 62 and older reached a record $14.92 trillion in Q1 2026.
The index estimated senior home values increased by $314.8 billion, or 1.8 percent, partially offset by a $10.5 billion, or 0.4 percent, increase in senior-held mortgage debt.
The newsletter also highlights related mortgage industry developments and programming, including CRA and MISMO updates, as the market continues to track demographic shifts and their impact on rates.