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« Reverse Mortgage Investments: When will one-note song become a symphony?
Top Reverse Mortgage Lenders of 2008 »

Reverse Mortgage Rates – January 6, 2009

January 6th, 2009  |  by admin Published in News, Rates, Reverse Mortgage  |  2 Comments

The 10-year Constant Maturity Treasury rose quite a bit on Friday and Monday today it is at 2.49%. But we’re still in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates. Lower rates mean less money since lower rates give higher SFSA’s. This week a Treasury HECM+225 gives $143 more than a HECM+200 (all from a lower SFSA).

This week, all Treasury-based HECM’s with a margin of +332 or less will pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +305 or less.

Rates as of 1/6/09 are:image

 

Reverse Mortgage Rate Updates are brought to you by Jerry Wagner & Ibis Reverse Mortgage Software – The Industry Standard Since 1995. This is not just a slogan — six of the top 10 reverse mortgage originators plus NRMLA and the AARP use Ibis Software for their websites, retail and wholesale businesses.

Technorati Tags: Reverse Mortgage,HECM,FHA,HUD,Rates,News

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  1. Posts about Top Ten Ways or Things as of 01/06/2009 | The Lessnau Lounge says:

    January 6th, 2009 at 2:17 pm (#)

    [...] 1.1,” vol. 10, no. 4, 1993, pp. 18–27. full report A. Hall, “7 Myths of Formal Methods,” Reverse Mortgage Rates – January 6, 2009 – reversemortgagedaily.com 01/06/2009 The 10-year Constant Maturity Treasury rose quite a bit on [...]

  2. Bryan says:

    January 7th, 2009 at 9:42 am (#)

    Why do lower rates give higher SFSA’s?

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