Reverse Mortgage Rates – November, 11 2008

Rates are down, but not quite enough to trip a Principal Limit increase for loans using common margins. This week, all Treasury-based HECM’s with a margin of +174 or less will pay the HECM maximum benefits. Ditto for LIBOR-based HECM’s with margins of +128 or less. Using these margins, the initial note rate on a LIBOR HECM would be 8 bp less than that on a Treasury HECM.

The rates as of 11/11/08 are:


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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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