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Another New Low in Reverse Mortgage Rates
—The Mortgage Report: July 14— Reverse Record: Once the scorn of financial planners across the land, reverse mortgages are increasingly becoming cornerstones of retirement planning. The main reason: rates. Equitable Bank just keeps driving reverse mortgage rates lower. Today it launched a barrage of new deals, including a 3.49% one-year fixed. That’s the lowest reverse mortgage rate in Canadian history...