what is going interest rate for mortgage
Rates and Fees are subject to change without notice. Total Interest Rate charged to a reverse mortgage is the Margin + Index + Monthly Mortgage Insurance of 1.250%. Example 3.99% Fixed: 3.99% + 1.25% Monthly MIP = 5.24%. Example Libor: 2.00 Margin + Index of .15 + 1.25% Monthly MIP = 3.40%.