This week’s reverse mortgage rates are below. These rates are effective for the week beginning May 27, 2009.
APR:
HECM 300: 3.47
HECM 325: 3.72
HECM 350: 3.97
HECM LIBOR 250: 2.813
HECM LIBOR 275: 3.063
HECM LIBOR 300: 3.313
Expected Rates:
HECM 300: 6.29
HECM 325: 6.54
HECM 350: 6.79
HECM LIBOR 250: 5.84
HECM LIBOR 275: 6.09
HECM LIBOR 300: 6.34
Note that while APRs have declined for both the CMT and LIBOR this week, the expected rates have increased.