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9/28/2006: Will Reverse Mortgages Rescue the Baby Boomers? (Center for Retirement Research at Boston College)
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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