This week’s reverse mortgage rates are below. These rates are effective for the week beginning June 30, 2009.
APR:
HECM 300: 3.48
HECM 325: 3.73
HECM 350: 3.98
HECM LIBOR 250: 2.810
HECM LIBOR 275: 3.060
HECM LIBOR 300: 3.310
Expected Rates:
HECM 300: 6.63
HECM 325: 6.88
HECM 350: 7.13
HECM LIBOR 250: 6.39
HECM LIBOR 275: 6.64
HECM LIBOR 300: 6.89
Both the HECM Libor and the HECM CMT saw significant drops in Expected Rates this week, as well as declines in their APRs.
Tags: 2009, APR, CMT, expected rate, hecm, hecm rates, interest rate, June, LIBOR, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, This Week, weekly hecm rate, weekly hecm rates
