Reverse Mortgage Rates and Origination Fees for Thursday, July 27, 2017
Posted 9:35am EST
The lowest interest rate reported by lenders this week on adjustable-rate HECMs edged down this week on a significantly higher fee quote; no lenders in our survey offered zero fee quotes this week.  The lowest reported origination fee jumped on higher rate than last week.
Thursday, July 27 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 July 27 3.236% $4,250 $90,190 + $65,040
Change from July 20 -0.004 +$4,250 -$4,250
Lowest Origination Fee July 27 3.736% $2,975 $91,465 + $65,040
Change from July 20 +0.496 +$2,975 -$2,975
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England, Longbridge Financial
2 Adjustable-rate pricing published every Thursday; 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.