Reverse Mortgage Rates – February, 3 2009
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The average 10-year Treasury rate rose by 19 bp last week, and today it’s down 12 bp from Friday. Interesting times. With some offering HECM T+300 and HECM T+325, we’re no longer in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates.
This week, all Treasury-based HECM’s with a margin of +281 or less will pay the HECM maximum Principal Limit. Ditto for LIBOR-based HECM’s with margins of +270 or less.
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