Reverse Mortgage Rates – August 19, 2008

Good news: This week, all Treasury-based HECM’s with a margin of +165 or less will pay the HECM maximum benefits. Ditto for LIBOR-based HECM’s with margins of +92 or less. Using these margins, the initial note rate on a LIBOR HECM will be 44 bp less than that on a Treasury HECM.

The rates of today are:

Advertisement

image

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. Lenders use Ibis RMO — loan origination modules, and Ibis Quick Quote — bilingual consumer calculators for your website. We also provide Ibis RMA — a complete counseling package for HUD-Approved reverse counselors.

Join the Conversation (0)

see all

This is a professional community. Please use discretion when posting a comment.

  • I’m curious to know if you have any idea of what percentage of reverse mortgages are being written at these minimum CMT 165 or less, or the Libor 92 or less?

    If you do have these #’s, either nationally and/or regionally, could you please publish them in your next update?

    Thanks,

    Tom Prince

string(77) "https://reversemortgagedaily.com/2008/08/19/reverse-mortgage-rates-update-11/"

Share your opinion

[wpli_login_link redirect="https://reversemortgagedaily.com/2008/08/19/reverse-mortgage-rates-update-11/"]