Reverse Mortgage Rates and Origination Fees for Thursday, February 1, 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up on an unchanged origination fee quote this week. Our survey once again had zero fee quotes; the lowest rate on a zero fee quote ticked up slightly from last week.
Wednesday, February 1 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate February 1 3.246% $6,000 $77,235+ $63,034
Change from January 25 +0.018 No Change -$2,729
Lowest Origination Fee February 1 4.621% $0 $68,295 + $53,421
Change from January 25 +0.018 No Change  -$2,134
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.