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.

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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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