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Posts Tagged ‘interest rate’
Monday, November 9th, 2009
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
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Monday, November 2nd, 2009
This week’s reverse mortgage rates are below. These rates are effective for the week beginning November 3, 2009.
APR:
HECM LIBOR 225: 2.494
HECM LIBOR 250: 2.744
HECM LIBOR 275: 2.994
HECM LIBOR 300: 3.244
Expected Rates:
HECM LIBOR 225: 5.91
HECM LIBOR 250: 6.16
HECM LIBOR 275: 6.41
HECM LIBOR 300: 6.66
The HECM LIBOR APR remained almost unchanged for the sixth consecutive week. However, the expected rates continued to rise. This week saw a dramatic increase by .08 for the borrowers. It will be interesting to see when the APR finally changes, and, when it does, whether the expected rates will adjust is the same direction.
Tags: 2009, APR, borrowers, expected rate, expected rates, hecm, hecm rates, interest rate, LIBOR, november, rates, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, This Week, weekly hecm rate, weekly hecm rates
Posted in Consumer News, Industry News | No Comments »
Monday, October 26th, 2009
This week’s reverse mortgage rates are below. These rates are effective for the week beginning October 27, 2009.
APR:
HECM LIBOR 225: 2.494
HECM LIBOR 250: 2.744
HECM LIBOR 275: 2.994
HECM LIBOR 300: 3.244
Expected Rates:
HECM LIBOR 225: 5.83
HECM LIBOR 250: 6.08
HECM LIBOR 275: 6.33
HECM LIBOR 300: 6.58
The HECM LIBOR APR remained almost unchanged for the fifth consecutive week. Meanwhile, the expected rates continued to rise, though they only rose by three hundredths of a point. One wonders when the APR will finally change, and, when it does, in which direction it will go.
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
Posted in Consumer News, Industry News | No Comments »
Monday, October 19th, 2009
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
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Tuesday, October 13th, 2009
This week’s reverse mortgage rates are below. These rates are effective for the week beginning October 14, 2009.
NOTE: The rates initially published on October 13th were incorrect by 1 thousandth of a point. Please consult the rates below moving forward.
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: 5.65
HECM LIBOR 250: 5.90
HECM LIBOR 275: 6.15
HECM LIBOR 300: 6.40
The HECM LIBOR APR remained almost unchanged for the third consecutive week. The expected rate only decreased by one hundredth of a point. Due to the Columbus Day Holiday, these rates will only be in effect from October 14th to October 19th.
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
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Monday, October 5th, 2009
This week’s reverse mortgage rates are below. These rates are effective for the week beginning October 6, 2009.
APR:
HECM LIBOR 225: 2.494
HECM LIBOR 250: 2.744
HECM LIBOR 275: 2.994
HECM LIBOR 300: 3.244
Expected Rates:
HECM LIBOR 225: 5.66
HECM LIBOR 250: 5.91
HECM LIBOR 275: 6.16
HECM LIBOR 300: 6.41
While the HECM LIBOR APR remained constant this week, the expected rate declined considerably, dropping two tenths of a point. Borrowers should see savings from such an interest rate decline, and hopefully the low rates will continue. This is the first full week that the new PLF limits will be in effect.
Tags: 2009, APR, borrowers, 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
Posted in Consumer News, Industry News | No Comments »
Tuesday, September 29th, 2009
This week’s reverse mortgage rates are below. The rates are effective for the week beginning September 29, 2009.
APR:
HECM LIBOR 225: 2.496
HECM LIBOR 250: 2.746
HECM LIBOR 275: 2.996
HECM LIBOR 300: 3.246
Expected Rates:
HECM LIBOR 225: 5.86
HECM LIBOR 250: 6.11
HECM LIBOR 275: 6.36
HECM LIBOR 300: 6.61
While the HECM LIBOR APR remained constant this week, the expected rate declined slightly. As this is the last week that borrowers will be able to get in under the old Principal Limit Factors (PLF) before the new PLFs go into effect on Thursday, the decline in expected rate is welcome.
Tags: 2009, APR, expected rate, hecm, hecm rates, interest rate, LIBOR, PLF, Principal limit factors, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, September, This Week, weekly hecm rate, weekly hecm rates
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Monday, August 31st, 2009
This week’s reverse mortgage rates are below. The rates are effective for the week beginning September 1, 2009. The HECM CMT will no longer be offered.
APR:
HECM LIBOR 225: 2.509
HECM LIBOR 250: 2.759
HECM LIBOR 275: 3.009
HECM LIBOR 300: 3.259
Expected Rates:
HECM LIBOR 225: 5.98
HECM LIBOR 250: 6.23
HECM LIBOR 275: 6.48
HECM LIBOR 300: 6.73
The rates for the HECM LIBOR this week remained almost the same as last week, rising by one hundredth of a point. As the HECM CMT will no longer be offered, we will no longer report its rates.
Tags: 2009, APR, CMT, expected rate, hecm, hecm rates, interest rate, LIBOR, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, September, This Week, weekly hecm rate, weekly hecm rates
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Monday, August 24th, 2009
This week’s reverse mortgage rates are below. The rates are effective for the week beginning August 25, 2009.
APR:
HECM CMT 300: 3.44
HECM CMT 325: 3.69
HECM CMT 350: 3.94
HECM LIBOR 225: 2.516
HECM LIBOR 250: 2.766
HECM LIBOR 275: 3.016
HECM LIBOR 300: 3.266
Expected Rates:
HECM CMT 300: 6.48
HECM CMT 325: 6.73
HECM CMT 350: 6.98
HECM LIBOR 225: 5.97
HECM LIBOR 250: 6.22
HECM LIBOR 275: 6.47
HECM LIBOR 300: 6.72
Rates fell this week for both the HECM CMT and the HECM LIBOR. The expected rate for the HECM LIBOR fell over two tenths of a point. The expected rate for the HECM CMT fell just under two tenths of a point. It is great to see the rates declining at such a dramatic rate again.
Reminder: The HECM CMT will cease to be offered on September 1st. This is the last week we will list the rates for the HECM CMT.
Tags: 2009, APR, August, CMT, expected rate, hecm, hecm rates, interest rate, LIBOR, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, This Week, weekly hecm rate, weekly hecm rates
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Monday, August 17th, 2009
This week’s reverse mortgage rates are below. The rates are effective for the week beginning August 18, 2009.
APR:
HECM CMT 300: 3.47
HECM CMT 325: 3.72
HECM CMT 350: 3.97
HECM LIBOR 225: 2.523
HECM LIBOR 250: 2.773
HECM LIBOR 275: 3.023
HECM LIBOR 300: 3.273
Expected Rates:
HECM CMT 300: 6.67
HECM CMT 325: 6.92
HECM CMT 350: 7.17
HECM LIBOR 225: 6.20
HECM LIBOR 250: 6.45
HECM LIBOR 275: 6.70
HECM LIBOR 300: 6.95
The APRs and expected rates for both the HECM CMT and the HECM LIBOR declined this week. While rates for the HECM LIBOR have yet to fall to the level they were at earlier this month, the decline in expected rate of five hundredths of a point will still be nice for borrowers. The rates for the HECM CMT are the same as they were the week of August 4th.
Reminder: The HECM CMT will cease to be offered on September 1st.
Tags: 2009, APR, August, CMT, expected rate, hecm, hecm rates, interest rate, LIBOR, reverse mortgage, Reverse Mortgage Rate, reverse mortgage rates, reverse mortgages, This Week, weekly hecm rate, weekly hecm rates
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