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 (Home Equity Conversion Mortgage or ‘HECM')

The HECM rate is down this week to 3.96%. This is based on the One Year CMT index plus a margin of 1.5%.

The fixed rate HECM is at 6.43% to 6.92% (depending on the bank)

Fannie Mae Reverse Mortgage

Home Keeper is at 6.0%

Luke Helm
Reverse Mortgage Professional
Reverse Mortgage Info
New outside blog: http://reversemortgagescalifornia.activerain.com/

Disclaimer: Of course, interest rates do not include closing costs which vary. A reverse mortgage quote will provide the details like closing costs and the Total Annual Loan Cost.