This Week's Reverse Mortgage Rates: January 12, 2010

This week's reverse mortgage rates are below. The rates will be effective from January 12, 2010 through January 19, 2010.

APR:
HECM LIBOR 225: 2.483
HECM LIBOR 250: 2.733
HECM LIBOR 275: 2.983

Expected Rates:
HECM LIBOR 225: 6.17
HECM LIBOR 250: 6.42
HECM LIBOR 275: 6.67

Although APRs continued to remain basically unchanged this week, expected rates finally fell a little bit. While the change is not enough to make up for the rapid rise in expected rates in the last few weeks, hopefully it is beginning of a larger downward trend in rates.

With Martin Luther King Day coming up on Monday, January 18, it is important to note that these rates apply through Tuesday, January 19.