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.
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