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A troubling housing misstep by boomers

Posted on 20 March 2012

Who’s falling for reverse mortgages these days? Leading edge baby boomers, aged 62 to 64. They represent more than one out of five (21%) applicants, compared to only about 6% in that age group back in 1999, according to a new report by the MetLife Mature Market Institute.
Almost half of applicants were under 70, double the percentage in that age group in 1999………………………………………..Full Article: Source


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