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.

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.