This Week's Reverse Mortgage Rates: May 27, 2009

This week’s reverse mortgage rates are below. These rates are effective for the week beginning May 27, 2009.

APR:

HECM 300:  3.47

HECM 325: 3.72

HECM 350: 3.97

HECM LIBOR 250: 2.813

HECM LIBOR 275: 3.063

HECM LIBOR 300: 3.313

Expected Rates:

HECM 300:  6.29

HECM 325: 6.54

HECM 350: 6.79

HECM LIBOR 250: 5.84

HECM LIBOR 275: 6.09

HECM LIBOR 300: 6.34

 

Note that while APRs have declined for both the CMT and LIBOR this week, the expected rates have increased.

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