Morning Minute: Caution and education urged on reverse mortgages

Get the facts on reverse mortgages
Reverse mortgages — which allow homeowners to convert part of their home equity into cash without selling their homes — have become a popular source of retirement income. But financial planners and the Consumer Financial Protection Bureau are urging consumers to be more cautious and do their homework before jumping into a reverse mortgage. Read more in the Wall Street Journal.

In other news:

Home prices are making it a buyers’ market; what do sellers need to know now? (Wall Street Journal)

Housing may be one of the bright spots in the economy during the second half of the year, CBS Money Watch reports.

 

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