Reverse Mortgage Rates – November, 11 2008

Rates are down, but not quite enough to trip a Principal Limit increase for loans using common margins. This week, all Treasury-based HECM’s with a margin of +174 or less will pay the HECM maximum benefits. Ditto for LIBOR-based HECM’s with margins of +128 or less. Using these margins, the initial note rate on a LIBOR HECM would be 8 bp less than that on a Treasury HECM.

The rates as of 11/11/08 are:

Advertisement

image

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

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.

string(84) "https://reversemortgagedaily.com/2008/11/11/reverse-mortgage-rates-november-11-2008/"

Share your opinion