This week, Treasury-based HECM’s with a margin of +281 or less can pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +255 or less.
And the 10-year rates are down 10 to 13 bps, so a HECM T+275 and L+250 can again give the maximum.
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.
Reverse mortgage professional Gabe Bodner offers tips for originators to keep in mind during tough market conditions.