Reverse Mortgage Rates and Origination Fees for Tuesday, February 28 2017
Posted 9:40am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey jumped by 0.25% this week, but this increase was associated with a $2,500 decrease in origination fee with the same quote.  The lowest origination fee available on a Fixed-Rate HECM was unchanged from last week.
Tuesday, February 28 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 February 28 4.750% $3,500 $89,461
+$2,500
Change from Feb 21 +0.250 -$2,500
Lowest Origination Fee February 28 4.990% $2,500 $90,461
No Change
Change from Feb 21 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.