This Week's Reverse Mortgage Rates: January 5, 2010
This week's reverse mortgage rates are below. The rates will be effective from January 5, 2010 through January 11, 2010.
APR:
HECM LIBOR 225: 2.481
HECM LIBOR 250: 2.731
HECM LIBOR 275: 2.981
Expected Rates:
HECM LIBOR 225: 6.23
HECM LIBOR 250: 6.48
HECM LIBOR 275: 6.74
While APRs remained unchanged this week, expected rates continued their meteoric rise into the new year. Expected rates are up over 1 point this week, with a dramatic rise of nearly 3 points from 2 weeks ago.
APR:
HECM LIBOR 225: 2.481
HECM LIBOR 250: 2.731
HECM LIBOR 275: 2.981
Expected Rates:
HECM LIBOR 225: 6.23
HECM LIBOR 250: 6.48
HECM LIBOR 275: 6.74
While APRs remained unchanged this week, expected rates continued their meteoric rise into the new year. Expected rates are up over 1 point this week, with a dramatic rise of nearly 3 points from 2 weeks ago.
Labels: APR, expected rate, expected rates, hecm, January, LIBOR, reverse mortgage, reverse mortgage rates, reverse mortgages, this week, this week's reverse mortgage rates
posted by a wanderer @ 3:24 PM
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