This Week's Reverse Mortgage Rates: December 29, 2009
This week's reverse mortgage rates are below. The rates will be effective from December 29, 2009 to January 4, 2010.
APR:
HECM LIBOR 225: 2.481
HECM LIBOR 250: 2.731
HECM LIBOR 275: 2.981
Expected Rates:
HECM LIBOR 225: 6.12
HECM LIBOR 250: 6.37
HECM LIBOR 275: 6.62
Despite the APR remaining nearly unchanged this week, expected rates rose significantly, up more than a point since last week. Hopefully rates will drop back down in 2010.
Happy New Year everyone!
APR:
HECM LIBOR 225: 2.481
HECM LIBOR 250: 2.731
HECM LIBOR 275: 2.981
Expected Rates:
HECM LIBOR 225: 6.12
HECM LIBOR 250: 6.37
HECM LIBOR 275: 6.62
Despite the APR remaining nearly unchanged this week, expected rates rose significantly, up more than a point since last week. Hopefully rates will drop back down in 2010.
Happy New Year everyone!
Labels: APR, December, expected rate, expected rates, hecm, January, LIBOR, reverse mortgage, reverse mortgage rates, this week, this week's reverse mortgage rates
posted by a wanderer @ 4:15 PM
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