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Will Reverse Mortgages Rescue the Baby Boomers?
Center for Retirement Research [CRR] at Boston College Link to more items from this source
Sept. 28, 2006
Excerpt: The brief's key findings are: Reverse mortgages will become more popular as baby boomers reach retirement with insufficient income; At current interest rates, a 65-year-old household with a $200,000 house could borrow about half of its home value; The amount available through a reverse mortgage is very sensitive to interest rates, so households should not overestimate their accessible home equity.

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