hecm: Reverse Mortgage Interest Rates This Week - 07/08/08 02:57 PM
Reverse mortgage interest rates are down slightly this week. Here they are for the most common reverse mortgage programs.
Home Equity Conversion Mortgage (HECM) FHA Reverse Mortgage:The HECM rate is down this week to 3.85%. Index is the One Year CMT index plus a margin of 1.5%.The fixed rate HECM is … (2 comments)
hecm: Current Reverse Mortgage Interest Rates - 07/01/08 03:04 PM
Happy Tuesday everyone! That means it's time for my weekly reverse mortgage interest rate update.
Jumbo Reverse Mortgages (Non-FHA):
Variable Rate Jumbo Reverse Mortgage: 5.95%
Fixed Rate Jumbo Reverse Mortgage: 8.750%
Countrywide or Bank of America Jumbo: Suspended for Brokers
Financial Freedom Cash Account Advantage Reverse Mortgage: Suspended
FHA Reverse Mortgages … (0 comments)
hecm: HECM Reverse Mortgage Limits: Open Letter to My Senators - 06/24/08 12:38 PM
I just faxed the following letter to Diane Feinstein and Barbara Boxer (California State Senators), concerning a senate bill being debated today:
"Tens of thousands of senior homeowners in California need the FHA-insured HECMs to help them maintain their ability to continue living independently in their own homes. But the FHA … (0 comments)
hecm: Reverse Mortgage Interest Rates This Week - 06/24/08 11:49 AM
The following is an interest rate update on reverse mortgage programs.
FHA Reverse Mortgages (Home Equity Conversion Mortgage or ‘HECM')
The HECM rate is at 4.07%. This is based on the One Year CMT index at 2.57% plus a margin of 1.5%.
The fixed rate HECM is at 6.30% to 6.68% … (2 comments)
hecm: Today's Reverse Mortgage Interest Rates in California - 06/10/08 01:52 PM
It is Tuesday, June 10th which means it's time for a reverse mortgage interest rate update.
FHA Reverse Mortgages:
HECM, which is the FHA Home Equity Conversion Mortgage rate is 3.64% (Index is the 1 Year CMT at 2.14% plus a margin of 1.5%)
The fixed rate HECM is at 6.56% … (0 comments)
hecm: Interest Rates on Reverse Mortgages - 06/03/08 12:26 PM
It is Tuesday, June 3rd and the day that major lenders update their reverse mortgage interest rates. Here they are for the top programs:
FHA Home Equity Conversion Mortgage (HECM) rate is unchanged this week at: 3.66% (Index is the 1 Year CMT at 2.16% plus a margin of 1.5%)
The … (0 comments)
hecm: Reverse Mortgages Interest Rates - 05/27/08 12:34 PM
Happy Tuesday! It's reverse mortgage interest rate update day, so the following are the latest for the most common reverse mortgage programs:
FHA Home Equity Conversion Mortgage (HECM) rate is unchanged this week at: 3.57% (Index is the 1 Year CMT at 2.07% plus a margin of 1.5%)
The FHA Fixed … (1 comments)
hecm: Reverse Mortgage Interest Rates - 05/20/08 01:32 PM
It's Tuesday! And that means it's time for our weekly reverse mortgage interest rate update. Here are the current rates for the top reverse mortgage programs:
FHA Home Equity Conversion Mortgage (HECM) rate: 3.57% (Index is the 1 Year CMT at 2.07% plus a margin of 1.5%)
FHA Fixed rate HECM … (4 comments)
hecm: Reverse Mortgages Interest Rates - 05/06/08 12:11 PM
Reverse mortgage interest rates for the most popular programs, current as of today: FHA Home Equity Conversion Mortgage (HECM) rate: 3.43% (Index is the 1 Year CMT at 1.93% plus a margin of 1.5%) FHA Fixed rate HECM Reverse Mortgage: 6.7% to 6.81% (depending on the bank) Bank of America Independence Plan Reverse Mortgage: … (0 comments)
hecm: Bank of America Reverse Mortgage Jumbo Program Suspended - 04/28/08 02:01 PM
First it was Countrywide, and now its parent, Bank of America has officially suspended their jumbo reverse mortgage program. The leading jumbo reverse mortgage lender emailed its lending partners today with the announcement. It appears that nationwide declining property values and the resultant lack of investor interest in mortgages has killed the … (0 comments)
hecm: Countrywide Jumbo Reverse Mortgage Folds - 04/17/08 01:25 PM
In the world of reverse mortgages, there are basically two types of programs. Government-backed reverse mortgages and jumbo reverse mortgages, also known as proprietary reverse mortgages. The latter are so called because they are designed and funded by individual banks. Given their conservative loan to value ratios, they generally only make … (4 comments)
Information about Reverse Mortgages specific to California and in general about the programs, industry news, current interest rates and perspectives about the product.
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Reverse mortgage interest rates are down slightly this week. Here they are for the most common reverse mortgage programs.
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