Borrowers repay the reverse mortgage when the home is no longer considered their primary residence (e.g. if the homeowner moves to another home, sells the home, or passes away). If you fail to pay property taxes and/or insurance, or fail to maintain your home's condition, your reverse mortgage may become due at that time.
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Current Fixed Mortgage Rates |
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| 30 Yr Fixed |  5.05% | 10/16/2009 |
| 15 Yr Fixed |  4.60% | 10/16/2009 |
| 30 Yr Fixed Jumbo | 6.04% | 10/16/2009 |
| 15 Yr Fixed Jumbo | 5.58% | 10/16/2009 |
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Current Adjustable Mortgage Rates |
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| 3/1 ARM | 4.82% | 10/16/2009 |
| 5/1 ARM | 4.07% | 10/16/2009 |
| 7/1 ARM | 4.43% | 10/16/2009 |
| 10/1 ARM | 4.66% | 10/16/2009 |
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Current Interest Only Mortgage Rates |
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| 3/1 ARM Interest Only | 5.40% | 10/16/2009 |
| 5/1 ARM Interest Only | 4.18% | 10/16/2009 |
| 7/1 ARM Interest Only | 4.61% | 10/16/2009 |
