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 1/20/10 are:

The average reverse mortgage borrower will see their Initial Benefits increase by $2,750. 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 1/12/10 are:

The average reverse mortgage borrower will see their Initial Benefits decrease by $2,750. 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 1/5/10 are:

For the fourth week in a row, the average reverse mortgage borrower with a LIBOR based product will receive $2,750 less.  That’s $11,000 less over the last month. The rates as of 12/29/09 are:

The average reverse mortgage borrower with a LIBOR based product will see their Initial Benefits decrease by another $ 2,750.  The rates as of 12/15/09 are:

The average reverse mortgage borrower will see their Initial Benefits decrease by $2,750. The rates as of 12/8/09 are: