Reverse Mortgage Rates and Origination Fees for Tuesday, October 16 2018
Posted 9:35am EST
The lowest rate and in our Fixed-Rate HECM survey rose by 0.251% this week with a significantly higher original fee quote.  Once again a zero origination fee quote was the lowest in the survey with an unchanged rate from last week. 
Tuesday, October 16 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 October 16 4.250% $6,000 $70,320
-$4,380
Change from October 9 +0.251% +$1,500
Lowest Origination Fee October 16 4.750% $0 $70,920
no change
Change from October 9 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.