Reverse-Mortgage-Truth.com

Wow, have interest rates gone up this week! The fixed rate HECM is up 0.3% and the LIBOR-based products are up 0.33%.

Jumbos:
Cash Account Advantage jumbo reverse mortgage: 6.52% (Index is 6 month LIBOR at 3.02% [rounded] plus margin of 3.5%)
Independence Plan 210 jumbo reverse mortgage: 5.12125% (Index is 6 month LIBOR at 3.02125 plus a margin of 2.10%)
Independence Plan 360 jumbo reverse mortgage: 6.62125% (Index is the 6 month LIBOR at 3.02125 plus a margin of 3.6%)

Conforming FHA:
HECM Reverse Mortgage rate: 3.17% (Index is the 1 Year CMT at 1.67% plus a margin of 1.5%)
Fixed rate Reverse Mortgage - HECM: 6.30% to 6.81% (depending on the lender)

Rates are not APR’s and include no closing costs. Click here for a reverse mortgage quote.

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)