The U.S. Treasury Securities rate is used as the index for the HUD Home Equity Conversion Mortgage (HECM) program to determine the initial rate, the expected rate, and the current interest rate. These rates are based on the one-year T-rate plus a margin of 1.5% for monthly-adjusted loans or 3.1% for annually-adjusted loans.

The T-rate changes weekly. Here is a summary of current and historical rates.

A Few More Related Articles of Interest:

NRRI - National Retirement Risk Index

HECM Expected Interest Rates and the CPI

AFR - Applicable Federal Rate

LIBOR - London InterBank Offering Rate

Reverse Mortgage Rate Analysis - Monthly vs Annual HECM