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Rates

Lock and Load; What do Reverse Mortgage Borrowers Get?

March 27th, 2011  |  by Neil  |  published in FHA, News, Rates, Reverse Mortgage

Like rivalrous siblings, the forward and reverse mortgage worlds frequently sneak sideways glances at what the other is doing. Escrows? Suitability? Counseling? “Let’s see – what’s he doing now? Should I do that?” Practically speaking the two products are more unalike than similar, yet the comparison game goes on, now with a new question, this [...]


Reverse Mortgage Rates Begin to Rise, Lower Proceeds for Borrowers

February 9th, 2011  |  by John  |  published in Bank of America, Generation Mortgage, News, Rates, Reverse Mortgage

Over the last week reverse mortgage pricing has taken a dramatic turn for the worse as rates on bonds continue to rise. “There has been a fairly large bond market selloff in past few days,” said Jeff Traister, reverse mortgage trader at Cantor Fitzgerald. A good benchmark for Ginnie Mae’s HMBS program is the 5-year [...]


Reverse Mortgage Rates – April 6, 2010

April 6th, 2010  |  by John  |  published in News, Rates, Reverse Mortgage

The average reverse mortgage borrower will see their Initial Benefits decrease by $2,750 from 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 4/6/10 are:


Reverse Mortgage Rates – March 30, 2010

March 30th, 2010  |  by John  |  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 Rates – March 16, 2010

March 16th, 2010  |  by John  |  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 3/16/10 are:


Reverse Mortgage Rates – March 9, 2010

March 9th, 2010  |  by John  |  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 3/9/10 are:


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