Reverse Mortgage Rates and Origination Fees for Tuesday, February 7 2017
Posted 9:35am EST
Rates on Fixed-Rate HECMs continue unchanged for the 10th straight week, with pricing reported by lenders in the first week of February at the same level as for the entire months of December and January.  The lowest origination fee (rebate) available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, February 7 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 7 4.500% $6,000 $86,961
No Change
Change from Jan 31 No Change No Change
Lowest Origination Fee February 7 4.990% $2,500 $90,461
No Change
Change from Jan 31 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.