As predicted, the average HECM borrower will see their initial benefits decrease by $2,500 today.

Ibis software handles many different indices. The rates as of May 27, 2009 are:

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.

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