Reverse Mortgage Rates – March 30, 2010

March 30th, 2010 | by John Yedinak Published in News, Rates, Reverse Mortgage

The average reverse mortgage borrower will see their Initial Benefits stay the same as last week.

Ibis considers an average borrower to be a 73-year old in a $250,000 home that chooses a LIBOR+250 HECM. The rates as of 3/30/10 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.