MortgageReverse

Reverse Mortgage Rates – September 29, 2009

The average HECM borrower will see the same initial benefits as last week.  Rates have gone down materially in the last couple of days, so we may see an increase in Principal Limits next week

The rates as of 9/29/09 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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