The Reverse Mortgage Minute

Monday, March 1, 2010

This Week's Reverse Mortgage Rates: March 2, 2010

This week's reverse mortgage rates are below. The rates will be in effect from March 2, 2010 to March 8, 2010.

APR:
HECM LIBOR 225: 2.479
HECM LIBOR 250: 2.729

Expected Rates:
HECM LIBOR 225: 6.03
HECM LIBOR 250: 6.28

As we head into March, APRs remain the same for the fifth week in a row. On the other hand, rates fell this week, partly reversing last week's rise.

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