This week’s reverse mortgage rates are below. These rates are effective for the week beginning November 10, 2009.
APR:
HECM LIBOR 225: 2.492
HECM LIBOR 250: 2.742
HECM LIBOR 275: 2.992
HECM LIBOR 300: 3.242
Expected Rates:
HECM LIBOR 225: 5.90
HECM LIBOR 250: 6.15
HECM LIBOR 275: 6.40
HECM LIBOR 300: 6.65
The HECM LIBOR APR remained almost unchanged for the seventh consecutive week. This week, the expected rates remained nearly unchanged as well, with a one hundredth of a point decline. It is interesting to see the HECM LIBOR APR remain constant for so long, a phenomenon that has not occurred since August 2008.
Tags: 2009, APR, expected rate, hecm, hecm rates, interest rate, LIBOR, november, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, This Week, weekly hecm rate, weekly hecm rates
