Reverse Mortgage Rates – February, 3 2009

The average 10-year Treasury rate rose by 19 bp last week, and today it’s down 12 bp from Friday. Interesting times. With some offering HECM T+300 and HECM T+325, we’re no longer in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates.

This week, all Treasury-based HECM’s with a margin of +281 or less will pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +270 or less.image

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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please