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Current Reverse Mortgage Interest Rates

Here are reverse mortgage interest rates for July 15th, 2008.

Jumbo Reverse Mortgages:
Variable Rate Jumbo Reverse Mortgage: 5.97%
Fixed Rate Jumbo Reverse Mortgage: 8.750%

FHA Reverse Mortgage - Home Equity Conversion Mortgage (HECM)
3.75% based on the One Year CMT index plus a margin of 1.5%.
The fixed rate HECM is at 6.18% to 6.45% (depending on the bank)

Fannie Mae Home Keeper Reverse Mortgage is at 5.875%

Luke
New external blog: http://reversemortgagescalifornia.activerain.com/

Disclaimer: 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. I specialize in California Reverse Mortgages.

Posted by Luke Helm on 07/15/2008 03:31 PM

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california reverse mortgages, reverse mortgage interest rates, jumbo reverse mortgages, home equity conversion mortgage, fha reverse mortgage

Post is included in group: Mortgages
Post is included in group: Seniors Real Estate Specialists
Post is included in group: Reverse Mortgages
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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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