This week’s reverse mortgage rates are below. The rates go into effect on May 12, 2009. The rates indicate that the CMT is higher than it was last week, while the LIBOR has fallen.
HECM 300: 3.53
HECM 325: 3.78
HECM 350: 4.03
HECM Libor 225: 2.618
HECM Libor 250: 2.868
HECM Libor 275: 3.118
HECM Libor 300: 3.368