Reverse mortgage interest rates are down again this week.

Home Equity Conversion Mortgage – FHA Reverse Mortgage:
Variable rate is at 3.75%. Index is the 1 Year CMT index plus a margin of 1.5%.
Fixed rate is at 6.18% to 6.45%

Non-FHA Jumbo Reverse Mortgages:
Jumbo Reverse Mortgage: 5.97% (variable LIBOR index plus 3.5% margin)
Fixed Rate Program: 8.750%

Please request a reverse mortgage quote for interest rates details, Total Annual Loan Cost rate and for loan disclosures.

California Reverse Mortgages

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The following are today's reverse mortgage interest rates for the most popular reverse mortgage products:

HECM Reverse Mortgage rate: 3.02% (Index is the CMT at 1.52% plus a margin of 1.5%, adjusts monthly)

HECM Reverse Mortgage fixed rate: 5.55%

Independence Plan 360 jumbo reverse mortgage: 5.96625% (Index is the LIBOR at 2.36625 plus a margin of 3.6%, adjusts every 6 months)

Independence Plan 210 jumbo reverse mortgage: 4.46625% (Index is LIBOR at 2.36625 plus a margin of 2.10%, adjusts every 6 months)

Cash Account Advantage jumbo reverse mortgage: 6.17% (Index is 6 month LIBOR at 2.67% plus margin of 3.5% adjusts every 6 months)

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