The rates have gone up this week, probably in response the recent bond market changes. Here are today's interest rates for the top reverse mortgage programs:

FHA Reverse Mortgages:

The HECM, which is the FHA Home Equity Conversion Mortgage rate is 4.01% (Index is the 1 Year CMT at 2.51% plus a margin of 1.5%)

The fixed rate HECM is at 6.81% to 7.00% (depending on the bank)

Jumbo Reverse Mortgages (Non-FHA):

Financial Freedom Cash Account Advantage Reverse Mortgage: 7.010% (Index is 6 month LIBOR at 3.51% plus margin of 3.5%)

Fixed Rate Jumbo Reverse Mortgage: 9.00% (available on home values up to $10,000,000)

A reverse mortgage quote will provide the details like the Total Annual Loan Cost (which is like an APR). The interest rates above do not include closing costs which vary.