This week, Treasury-based HECM’s with a margin of +146 or more will give $2,750 less to the average HECM borrower. Ditto for LIBOR-based HECM’s with margins of +76 or more. Using these margins, the initial note rate on a LIBOR HECM will be 57 bp less than that on a Treasury HECM.

Ibis software handles many different indices. The rates of today are:

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