This week’s reverse mortgage rates are below. These rates are effective for the week beginning October 20, 2009.
APR:
HECM LIBOR 225: 2.495
HECM LIBOR 250: 2.745
HECM LIBOR 275: 2.995
HECM LIBOR 300: 3.245
Expected Rates:
HECM LIBOR 225: 5.89
HECM LIBOR 250: 6.05
HECM LIBOR 275: 6.30
HECM LIBOR 300: 6.55
The HECM LIBOR APR remained almost unchanged for the fourth consecutive week. However, expected rates rose significantly. The expected rates are up .15 this week. One hopes this is not the beginning of an upward trend. After a short week last week, these rates will be good for a full seven days.
Tags: 2009, APR, expected rate, hecm, hecm rates, interest rate, LIBOR, October, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, This Week, weekly hecm rate, weekly hecm rates
