Reverse Mortgage Rates and Origination Fees for Thursday, January 4, 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up this week on an unchanged origination fee quote. A zero fee quote returned to our survey but was associated with a significantly higher rate quote.
Wednesday, January 4 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 4 3.307% $6,000 $77,700 + $64,194
Change from December 28 +0.005 No Change +$2,745
Lowest Origination Fee January 4 4.482% $0 $69,970 + $55,113
Change from December 28 +0.380 -$2,200 -$4,016
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.