Where Are Reverse Mortgage Rates Going? (Part2)
September 28th, 2008 | by John Yedinak Published in News, Rates, Reverse Mortgage | 1 Comment
As a follow up to last weeks post about rates, Jerry from Ibis sent out an update which gives you a better idea of how the uncertainty in the market is affecting HECM rates. Ibis estimates that the 10-year Constant Maturity Treasury rate will go from 3.54% to 3.84%. The 10-year Swap rate could go from 4.17% to 4.52%. The tables below show the effect of the 1/8% notches in HECM lookups on a average HECM borrower — that’s age 73 with a $250,000 claim amount.
Until the credit markets calm down I would expect to see more volatility in HECM rates.
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Kim
