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American Senior Home Equity Hits Eight-Year High Point
Jan 12, 2015

The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI), a quarterly measure which analyzes trends in the home values, home equity, and mortgage debt of homeowners 62 and older, has reached 183.87, its highest level since the third quarter of 2007. The third quarter of 2014 will mark the 10th straight quarter of RMMI growth. Americans 62 years old and older now have more equity in their homes than at any time since 2007, and senior home values increased by more than $97 billion in Q3. Collective home equity of the age group continues to grow, reaching a total of $3.84 trillion.

Nearly $1.08 trillion in mortgage debt is held by Americans 62 and older, a figure that has held relatively steady since 2012. At the peak in Q4 2009, seniors held $1.143 trillion in mortgage debt.

In the third quarter of 2014, the RMMI reached 183.87, a 2.53 percent increase from Q2 2013. The senior housing value estimate is based on the Federal Housing Finance Agency’s (FHFA) Q3 2014 all-transactions Indices.


Jan 12, 2015
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