The Reverse Mortgage Minute

Monday, March 8, 2010

This Week's Reverse Mortgage Rates: March 9, 2010

This week's reverse mortgage rates are below. The rates will be in effect from March 9, 2010 to March 15, 2010.

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

Expected Rates:
HECM LIBOR 225: 5.95
HECM LIBOR 250: 6.20

As we head into March, APRs remain the same for the fifth week in a row. Rates fell again this week, the second significant drop in a row. Hopefully the trend will continue.

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