is the intrest on a reverse mortage, controlled by the feds. If so what are the parimeters

The FED does not control mortgage rates on neither forward nor reverse mortgages. The FED controls the Fed Funds Rate, the overnight lending rate from one Federal Reserve Bank to another Federal Reserve Bank. The underlying driver of interest rates on reverse mortgages are Fannie Mae Mortgage-Backed Securities.

Hi, click on my blog and if you have any questions after please feel free to contact me via email...https://www.lender411.com/mortgage-articles/4256/Pro%26%23039%3Bs-%26amp%3B-Con%26%23039%3Bs-of-Reverse-Mortgages/

If you're talking about what determines the going rate on fixed rate reverse mortgages, it's Mortgage backed securities. If you're talking about what determines the rate on reverse mortgage ARM, then it's driven by 1 year LIBOR rate. I'm assuming the rate you're referring to is the Fed Rate which is The Federal Reserve Board overnight lending rate to banks. This is what you see Bernanke talking about once a month, and has nothing to do with what drives interest rates on mortgages. WilliamAcres.com

No and yes. The actual rate on a reverse mortgage is based on an index and a margin. The index is a rate that is driven by the bond markets. The margin (or spread) is the interest over and above the index. The margin is set by the lender (in the case of a reverse mortgage, by FHA). The actions of the bond market are influenced by the actions of the Federal Reserve and the Treasury, but neither of them control the bond market. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com