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Tag Archives: Baby Boomers

The Mortgage Free Life: Baby Boomers

In their latest report in the Housing Insights Series, Fannie Mae delved into the number of Baby Boomers that own their homes free-and-clear compared to that of generations before them. Take a look at how the generation’s mortgage payment habits will affect their financial security as they make their way into retirement.

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Boomers Looking Forward

The future is about planning ahead, whether that means building home equity or saving for retirement, forward thinking is paramount. And it would seem more American’s are becoming concerned with what’s ahead.

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Boomers Won’t Budge

Homebuyers are having a tough time finding homes for many market related reasons, but a new report shows an additional cause could be that baby boomers just aren’t moving out.

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Partnering Up

Chase Mortgage is teaming up with the bank’s credit card arm to deepen its relationships with existing customers—thanks in large part to one innovative mind. This feature originally appeared in the June 2017 issue of MReport.

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The Science of Homebuying Psychology: A Study

Over the last two years, a few different trends have emerged concerning where and when people are buying homes, according to a recent report, and they aren't what you think. Read ahead to see how millennial are continuing to shape the housing market.

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More Boomers Refinancing, Taking Out Student Loans

New data shows that Baby Boomers may be just as saddled with student loan debt as millennials—maybe even more. Between 2005 and 2015, people aged 60 or older saw their student debt increase eight times, while debt for those under 30 increased just twice. Many Boomers are taking out loans and refinancing their homes to either return to school or help their children and grandchildren with college tuition.

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Home Improvement Projects on the Rise

Owners in Generation X are willing to spend more on home renovations compared to any other generation at 72 percent—learn where HELOS and renovation loans stand among homeowner options to pay for these projects.

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