Reverse Mortgage Rates – July 14, 2009

The average HECM borrower will see their initial benefits increase by $ 2,500 today.  Over the last four weeks, benefits have risen by $10,000! Four weeks ago the 10-year LIBOR swap rate was 4.22%, today it’s 3.60%.

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imageReverse 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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