For the fourth week in a row, the average reverse mortgage borrower with a LIBOR based product will receive $2,750 less. That’s $11,000 less over the last month.
The rates as of 12/29/09 are:
Advertisement
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.
