The Reverse Mortgage Minute

Tuesday, January 19, 2010

This Week's Reverse Mortgage Rates: January 19, 2010

This week's reverse mortgage rates are below. The rates will be effective from January 19, 2010 through January 25, 2010.

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

Expected Rates:
HECM LIBOR 225: 6.08
HECM LIBOR 250: 6.33
HECM LIBOR 275: 6.58

Although APRs remained the same this week, expected rates fell significantly, falling for the second straight week.

Next week's rates will be reported on Monday.

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