USA Mortgage

Jan 14, 2025 | nationalmortgageprofessional.com | Susan A. Pomfret |Lorraine Giron |Yvette Gilmore |USA Mortgage

The U.S. population is older today than ever before, with people over 65 outnumbering children for the first time in history. Every day, around 12,000 individuals reach their 65th birthday! This shift represents a significant opportunity for mortgage professionals, as the housing wealth of homeowners aged 62 and older saw their housing wealth increase by $600 billion in the second quarter to a record $14 trillion, according to the NRMLA/RiskSpan Reverse Mortgage Market Index.