MortgageReverse

Where Are Reverse Mortgage Rates Going? (Part2)

As a follow up to last weeks post about rates, Jerry from Ibis sent out an update which gives you a better idea of how the uncertainty in the market is affecting HECM rates.  Ibis estimates that the 10-year Constant Maturity Treasury rate will go from 3.54% to 3.84%. The 10-year Swap rate could go from 4.17% to 4.52%.  The tables below show the effect of the 1/8% notches in HECM lookups on a average HECM borrower — that’s age 73 with a $250,000 claim amount.

image

Until the credit markets calm down I would expect to see more volatility in HECM rates.

Technorati Tags: ,,,,,

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Your email address will not be published.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