Announcing the 2024 Tech Trendsetters winners.

Read Now
Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
MortgageReverse

Reverse Mortgage Rates – January 6, 2009

The 10-year Constant Maturity Treasury rose quite a bit on Friday and Monday today it is at 2.49%. But we’re still in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates. Lower rates mean less money since lower rates give higher SFSA’s. This week a Treasury HECM+225 gives $143 more than a HECM+200 (all from a lower SFSA).

This week, all Treasury-based HECM’s with a margin of +332 or less will pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +305 or less.

Rates as of 1/6/09 are:image

 

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.

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

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Your email address will not be published.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