Reverse Mortgage Rates – June 2, 2009

The average HECM borrower will see their initial benefits decrease by $7,500
tomorrow. Rates have become unglued.  A 65-year old baby boomer will get 25% less tomorrow than they got at the beginning of the year! And rates took a material jump today so next week will show another drop in benefits.





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(79) ""

Share your opinion