Reverse Mortgage Rates – July 7, 2009
July 7th, 2009 | by John Yedinak Published in News, Rates, Reverse Mortgage | 1 Comment
The average HECM borrower will see their initial benefits increase by $2,500 today. That’s up $7,500 over the last three weeks, but still way short of six months ago. The chart assumes that margins were constant over the last two years. The principal limit changes only reflect index changes.
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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