Jul 08 2008
Reverse Mortgage Interest Rates for Today
Reverse mortgage interest rates are down slightly this week from last week.
Jumbo Reverse Mortgages (non-FHA):
Variable Jumbo Reverse Mortgage: 5.96% (LIBOR index plus 3.5% margin)
Fixed Rate Program: 8.875%
Home Equity Conversion Mortgage – FHA Reverse Mortgage:
Variable rate is at 3.85%. It is based on the 1 Year CMT index plus a margin of 1.5%.
Fixed rate is at 6.18% to 6.60% (depending on the lender)
Please request a reverse mortgage quote for interest rates details, Total Annual Loan Cost and for loan disclosures.
