Reverse Mortgage Rates and Origination Fees for Tuesday, August 16 2016
Posted 9:00am EST
The best interest rate in Fixed-Rate HECMs reported by lenders ticked up slightly this week.  In addition, the lowest origination fee increased resulting in a concomitant decrease in the maximum cash draw available.
Tuesday, August 16 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 August 16 4.250% $0 $92,961
No Change
Change from August 9 +0.01% No Change
Lowest Origination Fee August 16 4.250% $0 $92,961
-$1,951
Change from August 9 -0.74% +$1,951
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 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.