Reverse Mortgage Rates and Origination Fees for Thursday, January 25, 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey declined by a significant 0.161% on an unchanged origination fee quote. Our survey once again had zero fee quotes; the lowest rate on a zero fee quote ticked up slightly from last week.
Wednesday, January 25 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 January 25 3.228% $6,000 $78,855+ $64,143
Change from January 18 -0.161 No Change +$1,620
Lowest Origination Fee January 25 4.603% $0 $69,555 + $54,295
Change from January 18 +0.039 No Change  +$21
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.