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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.

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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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