Reverse Mortgage Rates – August 11, 2009

The average reverse mortgage borrower will see their initial benefits decrease by $2,750 today. The benefits are down $5,500 over the last two weeks. 

The rates as of 8/11/09 are:

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  • When is someone going to address the issue of rising expected rates. With home values down and at a time when seniors need as much money as possible, expected rates continue to rise.

    It appears to me, that the future FHA exposure has dimimished with this scenario, why penalize the senior by reducing the amount of funding available to them.

    Interest rates are one thing, expected rates is something entirely different.

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