Reverse Mortgage Rates and Origination Fees for Tuesday, July 17 2018
Posted 9:35am EST
The lowest rate and in our Fixed-Rate HECM survey was unchanged for the 20th consecutive week.  Once again a zero origination fee quote was the lowest in the survey with an unchanged rate from last week.  Both the lowest rate and fee quotes were associated with a drop of $1,155 in maximum cash draw.
Tuesday, July 17 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 July 17 3.990% $4,500 $74,700
-$1,155
Change from July 10 No Change No Change
Lowest Origination Fee July 17 4.750% $0 $70,920
-$1,155
Change from July 10 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, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.