Reverse Mortgage Rates – February 23, 2010

The average reverse mortgage borrower will see their Initial Benefits decrease $2,750 compared to last week.

Ibis considers an average borrower to be a 73-year old in a $250,000 home that chooses a LIBOR+250 HECM.

The rates as of 2/23/10 are:

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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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