Reverse Mortgage Rates and Origination Fees for Tuesday, August 2 2016
Posted 10:00am EST
The best interest rate and origination fee reported by lenders were unchanged from last week.
Tuesday, August 2 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 2 4.500% 0 $92.961
No Change
Change from July 28 No Change No Change
Lowest Origination Fee August 2 4.990% -$976 $93,936
No Change
Change from July 28 No Change No Change
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.