HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.
NewsRatesReverse Mortgage

Reverse Mortgage Rates – February, 18 2009

Not much change this week, but watch out for next week. Yesterday, Tuesday the 17th, the 10-year Treasury rate fell by 22 basis points.

We’re no longer in territory where the HECM Principal Limit is maxed out. This week, only Treasury-based HECM’s with a margin of +268 or less can pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +245 or less. And current margins are higher than these figures.

image

Technorati Tags: Reverse Mortgage,HECM,FHA,HUD,Rates,News

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.