Reverse Mortgage Rates and Origination Fees for Tuesday, April 4 2017
Posted 9:40am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was unchanged for the third consecutive week. The lowest origination fee increased by $1,000 with a corresponding decrease in the maximum cash draw for this price quote.
Tuesday, April 4 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000
Lowest Interest Rate April 4 4.750% $3,500 $89,461
No Change
Change from Mar 28 No Change No Change
Lowest Origination Fee April 4 5.310% $1,000 $86,201
-$1,000
Change from Mar 28 No Change +$1,000
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
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.