Good news: This week, all Treasury-based HECM’s with a margin of +152 or less will give $2,750 more to the average HECM borrower. Ditto for LIBOR-based HECM’s with margins of +84 or less. Using these margins, the initial note rate on a LIBOR HECM will be 52 bp less than that on a Treasury HECM.
The rates of today are:
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