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Interest Rates on Reverse Mortgages

It is Tuesday, June 3^rd 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 FHA Fixed rate HECM Reverse Mortgage: 6.31% to 6.55% (depending on the bank)

Financial Freedom Cash Account Advantage Reverse Mortgage: 6.66% (Index is 6 month LIBOR at 3.16% plus margin of 3.5%)

The rates listed above are not APR's and do not include closing costs. Contact us for a reverse mortgage quote.

Posted by Luke Helm on 06/03/2008 12:26 PM

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reverse mortgage interest rates, reverse mortgage lender, cash account, reverse mortgages california, hecm, financial freedom

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Luke Helm

Carlsbad, CA

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www.Reverse-Mortgage-Info.net

Address: 300 Carlsbad Village Dr, Ste 108A, Carlsbad, CA, 92008

Office Phone: (866) 311-3360

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