Reverse Mortgage Rates and Origination Fees for Tuesday, December 6 2016
Posted 9:50am EST
Rate hikes in the forward mortgage market have finally spilled over into the reverse market - the best interest rate in Fixed-Rate HECMs reported by lenders jumped 0.25% this week.  The lowest origination fee (rebate) available on a Fixed-Rate HECM increased substantially this week with rebates gone from our survey.
Tuesday, December 6 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 6 4.500% $6,000 $86,961
-$6,000
Change from Nov 29 +0.25% +$6,000
Lowest Origination Fee December 6 4.990% $2,500 $90,461
-$4,451
Change from Nov 29 No Change +$4,451
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.