Reverse Mortgage Rates – February, 24 2009

This week, Treasury-based HECM’s with a margin of +281 or less can pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +255 or less.

And the 10-year rates are down 10 to 13 bps, so a HECM T+275 and L+250 can again give the maximum.



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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.

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