This Week's Reverse Mortgage Rates: December 23, 2009

One of my favorite parts of my old blog was reporting on the weekly reverse mortgage rates. While I have been on a hiatus for the past six weeks, I am delighted to be able to report on the week's reverse mortgage rates again. And while the APR appears to have dropped one point on the LIBOR from six weeks ago, the expected rates are higher now than they were then. Without further ado:

APR:
HECM LIBOR 225: 2.482
HECM LIBOR 250: 2.732
HECM LIBOR 275: 2.982

Expected Rates:
HECM LIBOR 225: 5.94
HECM LIBOR 250: 6.19
HECM LIBOR 275: 6.44

Due to the snow and the holiday season, these rates are from December 23, 2009 to December 29, 2009.