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.
