Rates have jumped this week for the fixed rate HECM (0.3%) on the LIBOR-based programs (0.33%)

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

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)

Independence Plan 360 jumbo reverse mortgage: 6.62125% (Index is the 6 month LIBOR at 3.02125 plus a margin of 3.6%)

Independence Plan 210 jumbo reverse mortgage: 5.12125% (Index is 6 month LIBOR at 3.02125 plus a margin of 2.10%)

Cash Account Advantage jumbo reverse mortgage: 6.52% (Index is 6 month LIBOR at 3.02% [rounded] plus margin of 3.5%)

These rates are do not constitute an APR and do not include closing costs. Please contact your lender for a reverse mortgage quote.