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:
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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:

The average reverse mortgage borrower will see their Initial Benefits increase 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 3/2/10 are:

The average reverse mortgage borrower will see their Initial Benefits decrease $2,750 compared to 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 2/23/10 are:

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 2/17/10 are:

The FED did not publish yesterday, so Expected Rates for reverse mortgages will not change on Tuesday the 9th.
However, the WSJ was published so LIBOR loans closing or disclosed today will have updated note rates.
The rates as of 2/2/10 are:

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 2/2/10 are: