This Week's Reverse Mortgage Rates: February 23, 2010

This week's reverse mortgage rates are below. The rates will be in effect from February 23, 2010 to March 1, 2010.

APR:
HECM LIBOR 225: 2.479
HECM LIBOR 250: 2.729

Expected Rates:
HECM LIBOR 225: 6.09
HECM LIBOR 250: 6.34

Although APRs remained the same for fourth week in a row. However, rates rose this week by a .1, a significant margin. Will the APR finally change? Stay tuned next week.

This Week's Reverse Mortgage Rates: February 17, 2010

This week's reverse mortgage rates are below. The rates will be in effect from February 17, 2010 to February 22, 2010.

APR:
HECM LIBOR 225: 2.479
HECM LIBOR 250: 2.729

Expected Rates:
HECM LIBOR 225: 5.99
HECM LIBOR 250: 6.24

APRs and expected rates remained mostly the same for the third consecutive week, this time with the small increase in APR while the expected rates dropped slightly. Next week the rate schedule will hopefully return to normal with the end of blizzards and national holidays for the time being.

This Week's Reverse Mortgage Rates: February 11, 2010

After a long delay, this week's reverse mortgage rates are below. The rates will be effective from February 11, 2010 through February 16, 2010.

APR:
HECM LIBOR 225: 2.478
HECM LIBOR 250: 2.728

Expected Rates:
HECM LIBOR 225: 6.01
HECM LIBOR 250: 6.26

APRs and expected rates remained mostly the same this week, with APRs dropping marginally and expected rates rising slightly. The release of rates will be delayed next week due to the Presidents Day federal holiday.

A Note on This Week's Reverse Mortgage Rates: February 9, 2010

As the Federal Reserve is closed this week due to inclement weather, reverse mortgage rates will remain the same this week as last week. However, the Wall Street Journal announced that the one month LIBOR is now at .228, which would be a decline from the previous week. Hopefully this change will not be reversed next week.

This Week's Reverse Mortgage Rates: February 2, 2010

This week's reverse mortgage rates are below. The rates will be effective from February 2, 2010 through February 8, 2010.

APR:
HECM LIBOR 225: 2.479
HECM LIBOR 250: 2.729

Expected Rates:
HECM LIBOR 225: 6.00
HECM LIBOR 250: 6.25

APRs fell this week, while expected rates dropped slightly. It's nice to see that rates continue to fall. The HECM LIBOR 275 margin will no longer be listed, as it is not being offered.