Reverse Mortgage Rates – September 9, 2008

This week, all Treasury-based HECM’s with a margin of +187 or less will pay the HECM maximum benefits. Ditto for LIBOR-based HECM’s with margins of +118 or less. Using these margins, the initial note rate on a LIBOR HECM will be 28 bp less than that on a Treasury HECM.

See below for the quick effect of the Fannie Mae bailout (-.52% change), the rates as of 9/9/08 are:

Advertisement

image

Reverse Mortgage Rate Updates are brought to you by Jerry Wagner & Ibis Reverse Mortgage Software

Technorati Tags: Reverse Mortgage,HECM,FHA,HUD,Rates

string(84) "https://reversemortgagedaily.com/2008/09/09/reverse-mortgage-rates-september-9-2008/"

Share your opinion