The Reverse Mortgage Minute

Monday, March 22, 2010

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

This week's reverse mortgage rates are below. The rates will be in effect from March 23, 2010 to March 29, 2010.

APR:
HECM LIBOR 225: 2.475
HECM LIBOR 250: 2.725

Expected Rates:
HECM LIBOR 225: 5.97
HECM LIBOR 250: 6.22

APRs fell this week, for the first time in nearly a month and a half. Expected rates however rose slightly. We'll see what next week has in store.

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