Reverse Mortgage Rates – August 11, 2009

August 11th, 2009 | by John Yedinak Published in News, Rates, Reverse Mortgage | 1 Comment

The average reverse mortgage borrower will see their initial benefits decrease by $2,750 today. The benefits are down $5,500 over the last two weeks.

The rates as of 8/11/09 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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martingoldstein

When is someone going to address the issue of rising expected rates. With home values down and at a time when seniors need as much money as possible, expected rates continue to rise.

It appears to me, that the future FHA exposure has dimimished with this scenario, why penalize the senior by reducing the amount of funding available to them.

Interest rates are one thing, expected rates is something entirely different.

Reverse Mortgage Rates – August 11, 2009

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