Reverse Mortgage Rates – January 6, 2009

The 10-year Constant Maturity Treasury rose quite a bit on Friday and Monday today it is at 2.49%. But we’re still in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates. Lower rates mean less money since lower rates give higher SFSA’s. This week a Treasury HECM+225 gives $143 more than a HECM+200 (all from a lower SFSA).

This week, all Treasury-based HECM’s with a margin of +332 or less will pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +305 or less.

Rates as of 1/6/09 are:image

Advertisement

 

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.

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

Join the Conversation (0)

see all

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

string(82) "https://reversemortgagedaily.com/2009/01/06/reverse-mortgage-rates-january-6-2009/"

Share your opinion