Forget what you know about a reverse mortgage because they are one of the most widely misunderstood options available when it comes to home loans.
For more information on Reverse Mortgages read this article by our own Steve Schaefer: Reverse Mortgage May Be Right For You [3 Myths Debunked]
Now the Market Update . . .
Geopolitical concerns over North Korea’s nuclear capabilities have been taking center stage all week on the news channels and the concerns are starting to show up in investor decisions with more money flowing into the bond market.
The airline industry, which is not known for stellar customer service, is dipping it toes into the water of two-way texting with customers. Up until now, airlines only offered text communication one-way, from airline to passengers, typically related to gate change announcements and flight schedule changes or delays.
Hawaiian Airlines and Jetblue have begun a service (albeit it is in the testing phase) that allows passengers to communicate with customer service staff via text. Passengers can even complain via text. This should be interesting to see what happens in the coming months as the airline industry is notorious for not listening.
“Why is it that I always catch you goofing off?!” asked the boss.
The employee replied, “That’s easy. It’s because you walk so quietly!”
This week’s potential market moving reports are: