Mar 25 2008
Current Reverse Mortgage Interest Rates
The following are today’s reverse mortgage interest rates for the most popular reverse mortgage products:
HECM Reverse Mortgage rate: 2.85% (Index is the 1 Year CMT at 1.35% plus a margin of 1.5%)
Fixed rate Reverse Mortgage - HECM: 5.79% to 6.81% (depending on the lender)
Independence Plan 360 jumbo reverse mortgage: 6.13938% (Index is the 6 month LIBOR at 2.53938 plus a margin of 3.6%)
Independence Plan 210 jumbo reverse mortgage: 4.63938% (Index is 6 month LIBOR at 2.53938 plus a margin of 2.10%)
Cash Account Advantage jumbo reverse mortgage: 6.040% (Index is 6 month LIBOR at 2.54% [rounded] plus margin of 3.5%)
Interest rates are not an APR and do not account for closing costs, click here for a Reverse Mortgage Quote
