Reverse Mortgage Rates and Origination Fees for Tuesday, January 31 2017
Posted 9:35am EST
Rates on Fixed-Rate HECMs continue unchanged for the 9th straight week, with pricing reported by lenders closing out the month of January at the same level as for the entire month of December.  The lowest origination fee (rebate) available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, January 31 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 January 31 4.500% $6,000 $86,961
No Change
Change from Jan 24 No Change No Change
Lowest Origination Fee January 31 4.990% $2,500 $90,461
No Change
Change from Jan 24 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.