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What is the Average Reverse Mortgage Interest Rate

The national average reverse mortgage interest rate is 3.83% according to recently collected financial data from around the country. The general trend in reverse mortgage interest rates is a steady increase over time, as has been observed over the last 10 years. With many reverse mortgages offering a fixed rate, it is wise to take out your reverse mortgage as soon as possible so as to eliminate the possibility of increasing fees.

by Margaret Walker on Wed, 08/25/2010 - 00:14

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