Reverse Mortgage Rates and Origination Fees for Thursday, November 2, 2017
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up again this week. The lowest reported origination fee remained unchanged on a slightly higher rate.
Thursday, November 2 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 Nov 2 3.348% $4,500 $74,601 + $61,102
Change from October 26 +0.017 No Change -$2,428
Lowest Origination Fee Nov 2 4.598% $2,500 $63,461 + $52,651
Change from October 26 +0.017 No Change -$1,829
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.