Reverse Mortgage Rates and Origination Fees for Thursday, March 2, 2017
Posted 9:55am EST
The best interest rate on adjustable-rate HECMs ticked up slightly on quotes reported by lenders this week.  The lowest origination fee remained unchanged from the previous week low.
Thursday, March 2 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate Mar 2 3.240% $4,500 $88,461 + $65,040
Change from Feb 23 +0.005% No Change No Change
Lowest Origination Fee Mar 2 4.490% $3,300 $89,661 + $65,040
Change from Feb 23 +0.005% No Change +$2,880
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
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.