Reverse Mortgage Rates and Origination Fees for Tuesday, December 20 2016
Posted 9:40am EST
Rates on Fixed-Rate HECMs have once again leveled off, with pricing reported by lenders remaining unchanged this week.  The lowest origination fee (rebate) available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, December 20 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 December 20 4.500% $6,000 $86,961
No Change
Change from Dec 13 No Change No Change
Lowest Origination Fee December 20 4.990% $2,500 $90,461
No Change
Change from Dec 13 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.